June 17 (Reuters) - U.S. machinery maker Caterpillar's ( CAT )

former Russian assets have been transferred to a company

owned by Armenian investment fund Balchug Capital, Russian

company filings showed.

Caterpillar Inc ( CAT ) suspended operations in its manufacturing

facilities in Russia in 2022, joining a number of foreign

companies that halted business in the country after Moscow's

February 2022 invasion of Ukraine.

Russian President Vladimir Putin approved the purchase of

Caterpillar's ( CAT ) assets by a company called PSK-New Solutions in

November 2023. Putin's decree and Russian company filings did

not disclose terms of the deal.

Balchug Capital and Caterpillar ( CAT ), which makes machinery for

the construction, mining and oil and gas industries, did not

immediately reply to a request for comment.

Putin's decree specified that PSK-New Solutions could buy

100% of the charter capital in Caterpillar Tosno and Caterpillar

Financial as a response to Western sanctions.

According to company filings, the asset transfer was

completed on June 14.

PSK-New Solutions was registered in August 2022, according

to Interfax news agency's Spark database. It is 99% owned by

Armenian investment firm Balchug Capital, whose CEO and founder

David Amaryan oversees all investment activity.