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Citi to expand scope of Russia exit- blog -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: An ATM from Citibank is seen in Los Angeles on March 10, 2015, California. REUTERS/Lucy Nicholson

(Reuters) – Citigroup Inc (NYSE: ) stated Monday that it will close other business areas in Russia and decrease its exposure, such as the ability to seek new clients and business.

“In April 2021 we declared our intention to leave the country’s consumer business. The bank posted in a blog that they have expanded the exit process to cover other business lines and continued to decrease our exposure.

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