Get all your news in one place.
100's of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Goldman Sachs Becomes First Big US Bank to Leave Russia

US investment bank Goldman Sachs on Thursday announced it would pull out of Russia, becoming the first Wall Street institution to distance itself from Moscow after its invasion of Ukraine.

Disney, which has halted movie releases in Russia, also said it would withdraw other products, as more American businesses express outrage over the conflict.

"Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements," a spokeswoman for the company said.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.