Markets

Citigroup flags $5.4 billion exposure to Russian assets

Key Points
  • The $5.4 billion exposure represents 0.3% of the bank's assets in 2021, according to a regulatory filing.
  • The company warned of a potential hit from escalated tensions between the West and Russia following its invasion of Ukraine.

In this article

A Citi logo sits on display outside a Citibank bank branch operated by Citigroup Inc. in Moscow, Russia.
Andrey Rudakov | Bloomberg | Getty Images

Citigroup said on Monday its total exposure to Russian assets was $5.4 billion at the end of December, compared with $5.5 billion at the end of September.

The $5.4 billion exposure represents 0.3% of the bank's assets in 2021, according to a regulatory filing.

Citigroup also warned of a potential hit from escalated tensions between the West and Russia following its invasion of Ukraine.

"Citi continues to monitor the current Russia–Ukraine geopolitical situation and economic conditions and will mitigate its exposures and risks as appropriate," the bank said.

The bank's total third party exposure in Russia was nearly $8.2 billion as of Dec. 31, it said in the filing.