Report: Citigroup CEO Corbat to visit Russia next week – source

MOSCOW, Jun 30 (PRIME) -- Michael Corbat, chief executive officer of Citigroup, plans to visit Russia next week and meet with the central bank’s Chairwoman Elvira Nabiullina, Reuters reported late Thursday citing a source familiar with the plans.

The source did not provide other details. A central bank spokeswoman declined to comment, citing a policy of not discussing private meetings of the authority’s head. Citibank’s press office in Moscow declined to comment.

Visits to Russia by chief executives of blue-chip U.S. companies have become less frequent since Russia’s 2014 annexation of Ukraine’s Crimea region, and the Western sanctions which followed.

Citibank is among Russia’s top-20 lenders by assets, according to Interfax data, and is present in the credit card business, consumer lending and investment banking, among other financial services.

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