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.
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Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
12 Nov 2025
Revocation date:
No revocation date
Updated: 13 Nov 2025
Controls on commercial transactions and investment instruments
In force
Recent update from 13 Nov 2025:
On 12 November 2025, the President of Russia issued Decree No. 443-рп, authorising the sale by Citigroup Netherlands BV of 100% of its shares in a Russian company, Citibank Commercial Bank JSC.
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Updated: 13 Nov 2025
FDI: Treatment and operations, nes
In force
Recent update from 13 Nov 2025:
On 12 November 2025, the President of Russia issued Decree No. 443-рп, authorising the divestment of Citigroup Netherlands BV from its Russian subsidiary, Citibank Commercial Bank JSC.
Citigr...
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