Citigroup Inc Approves Sale of Russian Operations
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Citigroup Inc has approved the sale of its remaining operations in Russia, classifying the business as "held for sale" in Q4 2025. The sale is expected to close in the first half of 2026, with a pre-tax loss of $1.2 billion recognized in Q4 2025, including a $1.6 billion currency translation adjustment. The impact on Common Equity Tier 1 Capital is capital neutral. This information is based on Citigroup's SEC filing dated December 29, 2025.
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