{"id":416293,"date":"2022-03-14T21:35:25","date_gmt":"2022-03-14T18:35:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/its-not-wall-streets-job-to-ostracize-russia\/"},"modified":"2022-03-14T21:35:25","modified_gmt":"2022-03-14T18:35:25","slug":"its-not-wall-streets-job-to-ostracize-russia","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/its-not-wall-streets-job-to-ostracize-russia\/","title":{"rendered":"#It&#8217;s not Wall Street&#8217;s job to &#8216;ostracize Russia&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a373ac79e3be\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a373ac79e3be\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/its-not-wall-streets-job-to-ostracize-russia\/#%E2%80%9CIts_not_Wall_Streets_job_to_%E2%80%98ostracize_Russia%E2%80%9D\" >&#8220;It&#8217;s not Wall Street&#8217;s job to &#8216;ostracize Russia&#8217;&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1>&#8220;It&#8217;s not Wall Street&#8217;s job to &#8216;ostracize Russia'&#8221;<\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The top boss at Goldman Sachs argued this week that Wall Street shouldn\u2019t play a leading role in ostracizing Russia from the international community over its escalating invasion of Ukraine \u2014 despite mounting calls on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> for businesses to take action.<\/p>\n<p>Goldman Sachs CEO David Solomon asserted that his bank and other financial institutions should act based on government directives rather than take a leading role in dictating policy toward Russia \u2014 noting he didn\u2019t \u201cthink businesses are supposed to decide how global trade works in the world\u201d even though he said he personally supports the sanctions.<\/p>\n<p>Solomon detailed his stance during <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/time.com\/6157107\/david-solomon-goldman-sachs-ceo-interview\/\">an interview with Time magazine<\/a> after being asked if felt Wall Street was doing enough to hold Moscow accountable over the invasion \u2014 in which Russian forces have increasingly targeted civilian population centers with heavy bombardments.<\/p>\n<p>\u201cI h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en to agree very strongly with the policy,\u201d Solomon said. \u201cWhat\u2019s going on in Ukraine is absolutely horrible. I think the actions taken are reasonable and powerful actions. But you ask, \u2018Are we doing a good job, ostracizing Russia?\u2019 That\u2019s not our job. And by us, I mean the financial industry broadly.\u201d<\/p>\n<p>Last week, Goldman Sachs became the first major US bank to announce it would wind down its operations in Russia due to the war. In a statement, a Goldman spokesperson said the bank was \u201cfocused on supporting our clients across the globe in managing or closing out pre-existing obligations in the market and ensuring the wellbeing of our people.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/david-solomon_62.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"David Solomon\" class=\"wp-image-21521277\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/david-solomon_62.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/david-solomon_62.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/david-solomon_62.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Goldman Sachs CEO David Solomon acknowledged mounting social media pressure for companies to take action against Russia.<\/figcaption><figcaption><span class=\"credit\">Bloomberg<\/span><\/figcaption><\/figure>\n<p>Solomon confirmed that Goldman was in the \u201cprocess of unwinding our business in Russia\u201d in order to comply with the sanctions \u2014 though he noted it was not \u201clike a light switch\u201d and would take time to complete the process.<\/p>\n<p>The top Goldman executive noted that companies are under immense pressure to exit Russia and sever their business ties to the country due to the Kremlin\u2019s actions. McDonald\u2019s is one of several firms that opted to pause sales in Russia after initially resisting calls to do so in response to the war.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/14\/goldman-ceo-its-not-wall-streets-job-to-ostracize-russia\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;It&#8217;s not Wall Street&#8217;s job to &#8216;ostracize Russia&#8217;&#8221; The top boss at Goldman Sachs argued this week that Wall Street shouldn\u2019t play a leading role in ostracizing Russia from the international community over its escalating invasion of Ukraine \u2014 despite mounting calls on social media for businesses to take action. Goldman Sachs CEO David Solomon&#8230;<\/p>\n","protected":false},"author":1,"featured_media":416294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/david-solomon_63.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[126768,70789,70790,4975,126128,70360],"class_list":["post-416293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-14-22","tag-david-solomon","tag-goldman-sachs","tag-russia","tag-ukraine-war","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=416293"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/416294"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=416293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=416293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=416293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}