Citigroup completes Russia exit through sale of AO Citibank to Renaissance Capital
Citigroup exited Russia today after selling its AO Citibank subsidiary to Renaissance Capital. The transaction concludes the lender's operations in the country.
Insights:
Citigroup Inc. announced on February 18, 2026, the sale of its former subsidiary AO Citibank to Renaissance Capital. This announcement marks the bank's formal exit from operations in Russia 
RU and represents a significant shift in its international presence. The transaction is considered to have national significance as it concludes the firm's direct operational activities within the country.
RU and represents a significant shift in its international presence. The transaction is considered to have national significance as it concludes the firm's direct operational activities within the country.
