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The President signed an Order On a Special Decision Concerning the Execution of a Transaction by Renaissance Capital – Financial Consultant Limited Liability Company.
In accordance with Presidential Executive Order No 520 of August 5, 2022, On Special Economic Measures in the Financial and Fuel-and-Energy Spheres in Connection with the Unfriendly Actions by Certain Foreign States and International Organisations, the President signed an Order authorising Renaissance Capital – Financial Consultant LLC to execute a transaction to acquire a 100 percent stake in Commercial Bank Citibank Joint-Stock Company, owned by Citigroup Netherlands B.V.
No other approvals, decisions, permissions, authorisations or any other permits are required under the laws of the Russian Federation for executing this transaction.
November 12, 2025