On November 12, 2025, Russian President Vladimir Putin authorized Citibank to proceed with the sale of its remaining assets in Russia, marking a significant shift for the once-prominent foreign bank that catered to major U.S. companies operating in the country. The buyer, identified in a Kremlin decree, is Renaissance Capital, a local investment bank that has managed to remain operational amid ongoing Western sanctions. This deal was contingent on presidential authorization due to measures implemented by Russia in response to sanctions linked to the Ukraine conflict. While Renaissance Capital confirmed the news, they did not provide further details. Citibank stated that the transaction must still secure additional approvals and reiterated its commitment to scaling down its operations in Russia, having already ceased consumer banking and local commercial activities as of August 2022. Currently, only a select few Western banks continue to operate in Russia, maintaining some connections to the global financial landscape for the remaining Western firms, with notable examples including Raiffeisen, UniCredit, and OTP.<\/p>\n","protected":false},"excerpt":{"rendered":"
On November 12, 2025, Russian President Vladimir Putin authorized Citibank to proceed with the sale of its remaining assets in Russia, marking a significant shift for the once-prominent foreign bank that catered to major U.S. companies operating in the country. The buyer, identified in a Kremlin decree, is Renaissance Capital, a local investment bank that […]<\/p>\n","protected":false},"author":2,"featured_media":5191,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-5192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"vi","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":{"full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11.png",1024,1024,false],"landscape":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11.png",1024,1024,false],"portraits":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11.png",1024,1024,false],"thumbnail":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11-150x150.png",150,150,true],"medium":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11-300x300.png",300,300,true],"large":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11.png",1024,1024,false],"1536x1536":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11.png",1024,1024,false],"2048x2048":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11.png",1024,1024,false],"blog-thumb":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11-530x250.png",530,250,true],"blog-full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_11-1024x450.png",1024,450,true]},"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/vi\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"On November 12, 2025, Russian President Vladimir Putin authorized Citibank to proceed with the sale of its remaining assets in Russia, marking a significant shift for the once-prominent foreign bank that catered to major U.S. companies operating in the country. The buyer, identified in a Kremlin decree, is Renaissance Capital, a local investment bank that…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/posts\/5192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/comments?post=5192"}],"version-history":[{"count":1,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/posts\/5192\/revisions"}],"predecessor-version":[{"id":5193,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/posts\/5192\/revisions\/5193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/media\/5191"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/media?parent=5192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/categories?post=5192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/vi\/wp-json\/wp\/v2\/tags?post=5192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}