Balchug Capital completed the acquisition of a Russian unit from Goldman Sachs.

Balchug Capital, an investment firm, completed the acquisition of a Russian unit from Goldman Sachs, a global investment banking, securities and investment management firm. Financial terms were not disclosed. "I am delighted that this deal has now closed. We have worked closely with all the relevant authorities to ensure that this transaction is in full compliance with all local and international laws and sanction regulations. The bank will play a key role in our portfolio and will allow us to implement a long-term strategy that we have adopted across the regions of our operations," David Amaryan, Balchug Capital Founder and CEO.