Citi Assesses Russia Operations in Wake of Ukraine Invasion
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Citigroup Inc. said it’s assessing operations in Russia after President Vladimir Putin’s invasion of Ukraine resulted in his country’s economy becoming disconnected from the global financial system.
The New York-based bank is operating its consumer business in Russia “on a more limited basis given current circumstances and obligations,” Edward Skyler, executive vice president of global public affairs, said in a statement Wednesday. “We are also supporting our corporate clients in Russia, including many American and European multinational corporations who we are helping as they suspend or unwind their business.”