Putin Allows Vardan and David Amaryan to Purchase Shares in Major Companies

Russian President Vladimir Putin has granted permission to brothers Vardan and David Amaryan, owners of Balchug Capital LLC, to purchase shares in Gazprom, Rosneft, and other Russian companies from the American banking group Goldman Sachs. This was reported by Sputnik Armenia.

It is noted that the headquarters of Balchug Capital is located in Yerevan. The fund manages assets worth over $2 billion. David Amaryan previously worked for several years at Troika Dialog, an investment company founded by Ruben Vardanyan.

Goldman Sachs is one of the largest investment banks in the world. In March 2022, following the start of the conflict in Ukraine, the bank reduced its operations in Russia.