Citigroup Completes Strategic Exit from Russia

Citigroup has successfully completed its withdrawal from Russia by selling its former Russian subsidiary to Renaissance Capital. This move has been approved by regulators and is capital neutral for Citi. By the first quarter of 2026, Citi anticipates a $4 billion increase in its capital.

Citigroup, one of the world's leading financial institutions, has finalized its exit from Russia by selling its former Russian subsidiary to Renaissance Capital. This sale marks the completion of Citi's full withdrawal from the country, following approval from regulators.

This strategic move is projected to be capital neutral for Citigroup, as stated by the bank's representatives. In the first quarter of 2026, the bank's capital is expected to increase by $4 billion. This anticipated growth is due to the transfer of risk-weighted assets to the buyer and other contributing factors.

Despite previously encountering a $1.6 billion currency loss associated with its Russian operations, the sale underscores Citigroup's ability to stabilize its financial standing in the face of international challenges.

(With inputs from agencies.)