San Francisco, United States, Dec 30, 2025 (AFP) - Citigroup selling its Russia business at $1.1 bn loss

NAMPA / AFP

2025-12-30

Citgroup on Monday said it is selling the last of its business operations in Russia, and expecting to log a $1.1 billion loss in the process. The US banking giant anticipated the sale will close in the first half of 2026 but noted it is subject to regulatory approval. "Citi will report its remaining business in Russia as 'held for sale' as of the fourth quarter 2025," the banking group said in a filing with the Securities and Exchange Commission.......

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