JPMorgan ChaseThe largest U.S. bank in terms of assets is leaving Russia.

Tasha Pelos, company spokeswoman, stated in an email that “In conformity with directives from governments around the globe”, she had been unwinding Russian companies and stopped pursuing new Russian business.

She said that Russia was not a part of the bank’s business. They were only involved in helping clients to resolve and pay off pre-existing liabilities, managing Russian-related risks and acting as custodians to their clients.

According to the bank, the bank employs less than 200 people in the area. They work mainly in its corporate and investment banking divisions.

This move comes after Goldman Sachs decided to wind down its Russia business earlier Thursday.