Citigroup has decided to close the retail business in

American Citigroup has decided to roll up a retail business in Russia. American Citigroup has announced the curtailment of consumer operations in Russia. This is stated in the company's message. The Bank will collapse its operations for customer service and local commercial banks in the country in the current quarter. Video day as part of CITI elimination will also continue to actively sell some consumer banking services portfolios in Russia.

The reduction will affect approximately 2,300 employees and 15 branches. Consumer products and touched care channels include deposits, investments, loans and cards. "In the last few months, we have considered several strategic options for selling these enterprises. It is clear that curtaining is of the most important, taking into account many complicating factors in the environment. We are focused on supporting our affected colleagues, clients and partners during this transition period," Citi.