Citigroup is reportedly exiting the country after failing to sell its local units Banking giant Citigroup will wind down its consumer and commercial operations in Russia, the Wall Street Journal reported on Thursday, citing people familiar with the matter. According to the report, the US multinational expects to incur about $170 million in charges over the next 18 months. In May, media reported that Citigroup was exploring the possibility of swapping assets with Russian banks to avoid hefty write-downs related to quitting the sanctions-hit country. Citigroup was reportedly holding “multiple conversations” with med
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