The Moscow Times CENTER (-0.5) Reliability: 7.0/10

Putin Approves Sale of Citibank’s Russian Unit to Renaissance Capital

✍️ The Moscow Times, Nov. 📅 November 12, 2025 12:00 AM ⏱️ 1 min read 🕐 Scraped: November 15, 2025

Summary: President Vladimir Putin has authorized the sale of Citibank’s Russian subsidiary to local investment firm Renaissance Capital, according to a decree published on Wednesday, effectively completing the U.S. banking group Citigroup’s withdrawal from Russia.

President Vladimir Putin has authorized the sale of Citibank’s Russian subsidiary to local investment firm Renaissance Capital, according to a decree published

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The Moscow Times, Nov.

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🌍 The Moscow Times

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November 12, 2025 at 12:00 AM

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