Citi(US:C) 智通财经网·2025-12-30 00:13Core Viewpoint - Citigroup is expected to incur approximately $1.1 billion in after-tax losses due to the sale of its remaining business in Russia to Renaissance Capital, with plans to classify this business as "held for sale" in its Q4 financial report [1] Group 1: Financial Impact - The sale is anticipated to result in a positive impact on Citigroup's Common Equity Tier 1 (CET1) capital, primarily due to the deconsolidation effect on related risk-weighted assets [2] - The losses are mainly attributed to currency translation adjustments, with potential for further changes depending on foreign exchange market fluctuations [1] Group 2: Business Strategy - Citigroup has been considering an exit from the Russian market for several years in response to escalating sanctions from the U.S. and EU, similar to actions taken by other banks like Goldman Sachs [1] - The bank began reducing its local operations prior to the escalation of the Russia-Ukraine conflict in 2022, announcing a gradual shutdown of consumer and local commercial banking services [1] - The remaining business is primarily necessary to fulfill certain outstanding legal and regulatory obligations [1]