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.

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