Announcement
12 Nov 2025
In November 2025, the president of Russia authorised the sale by Citigroup Netherlands BV of 100% of shares in Citibank Commercial Bank JSC. Under Decree No. 520 adopted in August 2022, all transactions related to certain firms in the Russian energy and financial sectors and involving investors from 'unfriendly' countries require presidential approval.
Source
Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
Implementation date
12 Nov 2025
Revocation date:
No revocation date
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