08:41 AM EST, 01/31/2025 (MT Newswires) -- Goldman Sachs' ( GS ) Russian unit has been approved by Russian President Vladimir Putin for sale to Armenian investment firm Balchug Capital, multiple news outlets reported on Friday, citing a presidential decree.

Goldman had already signed a binding agreement to dispose its unit, Reuters quoted an unidentified source as saying.

Goldman and Balchug Capital did not immediately respond to requests for comment from MT Newswires.