Goldman Sachs intends to move some of its employees from Russia to Dubai

Goldman Sachs is moving part of its employees from Russia to Dubai temporarily, according to Bloomberg Agency sources. With the continuation of the military operation in Ukraine and the financial isolation of Russia.

The move comes amid many international companies reassessing their businesses in Russia and many of them suspending their operations in the country.

Russia represents only a small percentage of Goldman Sachs’ business, as its exposure to the Russian market at the end of last year amounted to $650 million, the largest proportion of it to non-sovereign borrowers.