Editorial & Advertiser disclosure
Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking & Finance Review®
Posted on February 13, 2026
1 min read
Last updated: February 13, 2026
The image showcases the Christophe De Margerie tanker docking at Russia’s Arctic LNG 2, highlighting ongoing LNG export challenges amidst U.S. sanctions.
Citigroup’s Transition in Russia
Feb 13 (Reuters) – Citigroup’s former Russian unit, AO Citibank, said on Friday it would change its name to RenCap Bank following its planned sale to Renaissance Capital.
Background on Citigroup’s Operations
Citigroup announced in 2022, following the start of the war in Ukraine, that it was reducing its operations and exposure in Russia. In December last year, its board approved the sale of the Russian unit to Renaissance in a deal that would lead to a pre-tax loss of about $1.2 billion.
Details of the Name Change
(Reporting by Elena Fabrichnaya, writing by Mark TrevelyanEditing by Andrew Osborn)