INSUBCONTINENT EXCLUSIVE:
United States 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."Goldman Sachs is winding down its business in Russia in compliance with
managing or closing out pre-existing obligations in the market and ensuring the wellbeing of our people."According to its latest annual
report, the firm's exposure to Russia stood at $650 million at the end of 2021, with the vast majority tied to claims by private actors
States bank which had a total exposure to Russia of $9.8 billion as of the end of December, said they were "assessing their options" in the
country.Last year, the Citigroup announced it would seek to sell its retail banking operations in Russia."As we work toward that exit, we
vice president for global public affairs."We are also supporting our corporate clients in Russia, including many American and European
multi-national corporations who we are helping as they suspend or unwind their business."
