Russia

Citi will be ending nearly all of the institutional banking services in Russia by the end of 1Q2023. Citi’s only operations in Russia will be those necessary to fulfill its remaining legal and regulatory obligations. In August 2022, Citi announced the wind down of its Russia consumer and local CCB including the pursuit of portfolio sales and in October 2022 Citi announced that AO Citibank has agreed to sell a portfolio of ruble-denominated personal installment loans to Uralsib, a Russian commercial bank. Citi has also agreed to transfer to Uralsib a portfolio of ruble-denominated credit card balances, subject to customer consents.