Citigroup’s Russia Exit Crystallizes Strategic Retreat as Accounting Losses Meet Geopolitical Reality
Citigroup’s decision to approve the sale of its Russian unit marks the near end of a withdrawal process that has unfolded over several years and across shifting geopolitical terrain. The board’s approval of the transaction, alongside the acknowledgment of a roughly $1.2 billion pre-tax loss, underscores how strategic exits from sanctioned or high-risk markets often…









