Goldman Sachs restructures Russian asset holdings -RBC, citing sources (updated)

RBC Bearings

30/01/2023 10:23

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 (Adds Goldman no comment)
       MOSCOW, Jan 30 (Reuters) - Goldman Sachs Group Inc.
 GS.N  has restructured its assets in Russia, the RBC daily
reported on Monday, citing two investment market sources, a move
that could take the U.S. bank closer to a full exit from the
country.
    U.S. banks have cut exposure to Russia since it sent tens of
thousands of troops into Ukraine last year, but foreign lenders
require special permission from President Vladimir Putin to sell
stakes.
    Goldman Sachs, which in March said it was winding down its
business in Russia, in November said it had reduced its credit
exposure to Russia by 9% to $205 million in the third quarter.
    One of RBC's sources said Goldman's asset portfolio, which
includes minority stakes in recruitment firm Headhunter  HHR.O 
and real estate database Cian  CIAN.N , had been sold to local
management.
    Goldman Sachs declined to comment.
    An Aug. 5 decree, signed by Putin, banned investors from
so-called unfriendly countries from selling shares in key energy
projects and banks. That decree, now in force until the end of
2023, gave Putin the power to issue special waivers in certain
cases for deals to go ahead.
 (Reporting by Elena Fabrichnaya; Writing by Alexander Marrow;
Editing by Bradley Perrett)
 ((alexander.marrow@thomsonreuters.com))