Reuters reveals Citi, Raiffeisen, other foreign banks seek staff in Russia as they struggle to exit

Reuters exclusively revealed that Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International, have started looking for staff this month after Russian authorities moved to block them from exiting the country. Russia’s move to send tens of thousands of troops into Ukraine on Feb. 24 prompted Western banks in Moscow to remove foreign nationals from senior positions and study ways to exit the Russian market.