FT: CitiGroup Bank is discussing the possibility of selling its business to Russian private companies

This is reported by the Financial Times, citing sources.

According to the interlocutors, relevant negotiations are currently underway with Expobank and RESO-guarantee insurance company.

Rosbank also became interested in the assets of the American bank, however, due to British sanctions imposed on its head Vladimir Potanin, the possibility of buying this buyer is considered the least likely.

The sources also add that while a final decision has yet to be made, it is likely that the bank will retain its license to operate in Russia and maintain a limited presence in the country.

As the publication clarifies, CitiGroup, even before the start of a special military operation, was going to sell its retail business in Russia.

Earlier it was reported that the American company Whirlpool will sell Russian assets in the form of Indesit International JSC and Whirlpool Rus LLC to the Turkish manufacturer of household appliances Arcelik.