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Finance

Citi may record devaluations on ruble-denominated assets

Published by Global Banking & Finance Review

Posted on May 8, 2025

1 min read

· Last updated: January 23, 2026

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(Reuters) -Citigroup said on Thursday it may record devaluation on its Russian ruble-denominated assets in earnings. Citigroup, which had previously announced it was ending all institutional banking

Citi May Face Devaluation on Ruble Assets in 2025

(Reuters) -Citigroup said on Thursday it may record devaluation on its Russian ruble-denominated assets in earnings.

Citigroup, which had previously announced it was ending all institutional banking services in Russia, had Russia-related exposures of $2.0 billion and total clients' exposures of $9.0 billion as of the first quarter of 2025, according to the filing.

Its services are only those necessary to fulfill its remaining legal and regulatory obligations, as well as support its employees, the filing added.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru and Saeed Azhar in New York; Editing by Alan Barona)

Key Takeaways

Citigroup may devalue ruble-denominated assets.
Citi has $2 billion in Russia-related exposures.
Total client exposure stands at $9 billion.
Citi is ending institutional banking in Russia.
Services continue to meet legal obligations.

Frequently Asked Questions

What is the main topic?

The article discusses Citigroup's potential devaluation of ruble-denominated assets due to its exposure in Russia.

Why is Citi devaluing ruble assets?

Citi is devaluing ruble assets due to its decision to end institutional banking services in Russia.

What are Citi's current exposures in Russia?

Citi has $2 billion in Russia-related exposures and $9 billion in total client exposures.

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