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Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News -Breaking


© Reuters. FILE PHOTO – The logo and ticker symbol for Goldman Sachs are displayed on a floor of the New York Stock Exchange (NYSE), New York, U.S.A, 18 December 2018. REUTERS/Brendan McDermid

(Reuters) – Goldman Sachs Group Bloomberg News reports that Inc (NYSE: ) has moved some employees from Moscow to Dubai to accommodate its workers who want to work in a new location after Russia invaded Ukraine.

According to the report, this move was not meant to last.

Georgy Egorov was a Goldman Sachs former banker. He wrote to David Solomon, the CEO of Goldman Sachs this week asking him to ask the Wall Street Investment Bank to leave Russia and relocate its staff from Moscow.

When Reuters contacted Goldman Sachs about the report, Goldman Sachs refused to comment.

Goldman Sachs Asset Management lowered its Russian exposure to its GQG international Equity Fund earlier this week from more than $1.7 billion six-months ago.

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