November 20, 2025
Putin approves sale of Citi’s Russia business
IntelME Verdict
Geopolitical Shift
TL;DR
Putin approves sale of Citibank's Russia business to Renaissance Capital, allowing Citigroup to exit Russia amid geopolitical tensions and sanctions.
Analysis
The approval of Citibank's sale in Russia signifies a geopolitical shift as major Western banks exit amid tensions and sanctions. Finance professionals need to monitor how such exits impact investment strategies, market sentiment, and risk assessments in regions facing geopolitical uncertainties.
Source
Financial Times↗Share:
