Money and Markets

Goldman Sachs pulling out of Russia, first major Wall Street bank to cut ties since Ukraine invasion

Business Insider US
Brendan McDermid/File Photo/Reuters
Brendan McDermid/File Photo/Reuters

Goldman Sachs said on Thursday that it will be shutting down its operations in Russia, making it the first major Wall Street bank to cut ties with the country since its invasion of Ukraine

In a statement to Reuters, the bank said, "Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements."

Goldman Sachs did not immediately respond to a request for comment by Insider on Thursday.

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