In a significant recent move to conclude its long-standing withdrawal from the Russian market, Citigroup (NYSE: C) has reportedly received board approval to divest its last operational entity there, AO Citibank, to Moscow-based investment bank Renaissance Capital. This decision, announced on December 29, 2025, marks the culmination of efforts that began years ago amid heightened geopolitical tensions impacting a range of businesses.The U.S. banking giant initially signaled its intent to scale back Russian e ...