Goldman Sachs now 1st major Wall Street bank to exit Russia

Goldman Sachs bans employees from donating to Donald Trump.
(Image credit: Chris Hondros/Getty Images)

Goldman Sachs is shutting down operations in Russia approximately two weeks after the start of a Moscow-led invasion of Ukraine, the company announced Thursday, per NPR.

The departure marks Wall Street's first big exit from Russia, and arrives after a number of other large companies and retailers decided similarly.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Brigid Kennedy

Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.