NEW YORK (Reuters) – Citigroup (NYSE:). The Russian consumer banking franchise has been up for sale. It had a first quarter of revenue of $32million, which is 6% less than a year ago, according to a quarterly securities filing.

Citi stated that Russia sanctions had affected its Russian consumer businesses. The bank decided not to open any new accounts, and reduced investment sales.

This revenue figure was not disclosed due to Citi’s quarterly revenue of $19 billion. The comment came from Citi executives regarding the legacy franchises the bank has been selling.

According to Chief Executive Jane Fraser’s recent remarks, “Citi began sale negotiations with a number potential buyers.” The filing also stated that Citi has initiated these discussions. Citi is also looking to sell Russian commercial bank business that caters to small businesses, it said.

Citi is still doing business with multinational corporate clients, despite Russian sanctions. The company stated that sanctions had increased operational risk and it has responded with enhanced operational controls, management oversight and compliance to minimize disruptions to clients operations.

This filing showed that employees are being probed by more than one regulator, and without their names. Citi announced in February that the Securities and Exchange Commission was looking into the matter.