Goldman Sachs Authorized to Sell Russian Energy Stocks Worth $87 Million

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Apr 02, 2025

Russian President Vladimir Putin has issued an order permitting Goldman Sachs International to sell shares in Russia's largest energy producers and other companies, valued at approximately $87 million. The order allows the U.S. firm to sell these shares to Armenia-based Balchug Capital, which can then trade them on the market. This transaction does not require additional approval from Russian authorities.

Goldman Sachs has not commented on the matter. The shares involved include stakes in major Russian oil producers such as Rosneft, Lukoil, and Surgutneftegas, as well as gas companies Gazprom and Novatek. Additionally, shares in utility company Inter RAO UES PJSC are part of the deal. Based on current stock prices, the transaction's total value is estimated at around $87 million.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.