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 ), which makes machinery for the construction,

mining and oil and gas industries, 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.

"We continue to comply with all applicable laws and

sanctions," a Caterpillar ( CAT ) spokesperson said. "We do not have

further comments at this time."

Balchug Capital did not 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.