May 8 (Reuters) - Citigroup (C.N) , opens new tab 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.

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

https://www.reuters.com/markets/us/citi-may-record-devaluations-ruble-denominated-assets-2025-05-08/