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535 Citi Flags Loss on Russian Divestment

The Information
Michael Roddan @ The Information · 12/30/2025 10:53 EDT

Citi Flags Loss on Russian Divestment

Citigroup will lose $1.1 billion on the sale of its remaining operations in Russia, the bank said in a securities filing Monday. The U.S. bank is selling its business to Renaissance Capital, one of Russia’s oldest investment banks. Citi said it plans to complete the divestment in the first half ...

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