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Citigroup exits Russia, closer to completing strategic divestitures

Citigroup has completed its exit from Russia by selling its former subsidiary to Renaissance Capital, a move approved by regulators. This transaction is expected to boost the bank's capital by $4 billion in the first quarter of 2026. Analysts view this as a significant step towards completing Citigroup's international divestiture plan.

18 Feb 2026 10:42 pm