US EditionCiti to Take $1 . 1 Billion Loss on Sale of Russian Business Unit
15 Articles
15 Articles
Citigroup has been considering exiting the Russian market for years, amid escalating sanctions from the United States and the European Union.
Citigroup stock slides after $1.2 billion Russia-exit hit; investors eye Jan. 14 earnings
NEW YORK, December 30, 2025, 5:35 PM ET — After-hours Citigroup shares fell on Tuesday after the bank disclosed that selling its remaining Russia business will trigger a roughly $1.2 billion pre-tax loss. Reuters The update lands days before the year ends and weeks ahead of Citi’s fourth-quarter results, when investors will see the impact of the accounting charge and any knock-on effects on capital and expenses. Reuters Citi said the loss is “la…
The US bank Citigroup sells its last assets in Russia, which will be "held for sale" as of the 4th quarter 2025.
The American bank Citigroup announced on Monday night the sale of its last assets in Russia and anticipates losing $1.1 billion (789 million francs) in this operation.
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