Russia

Russian court freezes $36 million in assets owned by Goldman Sachs

Moves comes after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine

Goldman Sachs: Assets worth $36 million frozen by Russian court

A Russian court froze shares of companies worth around $36 million owned by Goldman Sachs Group Inc. after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine.

Moscow Arbitration Court froze 37 million shares of retailer Detsky Mir PJSC owned by Goldman Sachs as well as smaller amounts of shares of major Russian companies including Sberbank PJSC, Gazprom PJSC and Lukoil PJSC that are owned by ...