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Citi, which had the largest presence in Russia among U.S. banks, said it would exit the retail business in the country as part of a retreat from some overseas markets before Russia despatched troops to Ukraine in February 2022.
Rosbank and Citi did not immediately respond to Reuters comment requests.
Rosbank first asked the court for damages in July, requesting interim asset seizures, concerned that Citi’s efforts to fully extricate itself from Russia may reduce its assets there before a decision was reached.
The court did not grant interim measures then, but in filings dated Oct. 26, it said: “The claim was satisfied in full.”
($1 = 7.8210 Hong Kong dollars)
