Citigroup said on Monday its total exposure to Russian assets was $5.4 billion at the end of December, compared with $5.5 billion at the end of September.
The $5.4 billion exposure represents 0.3% of the bank’s assets in 2021, according to a regulatory filing.
Citigroup also warned of a potential hit from escalated tensions between the West and Russia following its invasion of Ukraine.
“Citi continues to monitor the current Russia-Ukraine geopolitical situation and economic conditions and will mitigate its exposures and risks as appropriate,” the bank said.
The bank’s total third party exposure in Russia was nearly $8.2 billion as of Dec. 31, it said in the filing.