Citi Discloses $9.8 Billion Russia Exposure as West Levels Sanctions

Citigroup headquarters in New York.
Photographer: Victor J. Blue/Bloomberg

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By Max Reyes and Katherine Doherty

February 28, 2022 at 11:37 AM EST

Updated on

February 28, 2022 at 12:39 PM EST

This article is for subscribers only.

Citigroup Inc. said it had $9.8 billion in domestic and cross-border exposure to Russia as Western nations level sanctions against the country for its invasion of Ukraine.

The figure, which is as of the fourth quarter, includes $5.4 billion in so-called country exposure, or just 0.3% of the company’s total, according to a regulatory filing Monday. The country exposure compares with almost $96 billion for the U.K. and $60 billion for Mexico.