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.
