Citigroup had plans to leave Russia in April 2021 due to a general exit from some overseas markets but took extra measures in March 2022. Actions to facilitate the wind-down of consumer and local commercial banking will start this quarter. "In connection with the wind-down plan announced today, Citi expects to incur approximately $170 million in costs, primarily over the next 18 months, largely driven by restructuring, vendor termination fees and other related charges," the company said in a statement.
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Saturday, October 24
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"We record a speed of more than 400 kilometers per hour, the connection is stable," the ministry said.
The Bars jet powered drone has a range of 1,000 kilometers and can reach speeds of up to 700 kilometers per hour.
Included in the first sanctions list are 51 Russian citizens and 44 businesses producing and supplying raw materials, equipment, and tools used in long-range weapons like Iskander, Kalibr, Kh-101, and Kinzhal missiles.
Overnight, Russian forces launched 126 drones, 61 of which were jet-powered, while Ukraine's air defense managed to suppress 101 drones, including 50 jet-powered drones, the Air Force said.
(Updated: )
Restrictions were placed on incoming and outgoing flights in Sheremetyevo, Domodedovo, Vnukovo, and Zhukovsky airports, Russian civilian aviation authority Rosaviatsiya reported.
Videos filmed by locals show smoke billowing over the city in the early morning, with reports claiming that the Tolyattikauchuk chemical plant was attacked and that evacuations took place at the AvtoVAZ car manufacturing factory.
The initiative will focus on resilient communications, navigation, and onboard autonomy, as Sine Engineering specializes in producing satellite-independent navigation software, enabling drones to fly without relying on GPS.
The number includes 1,980 casualties that Russian forces suffered over the past day.
According to satellite imagery from NASA FIRMS, the Taman substation in Russia's Krasnodar Krai — a key energy node supplying electricity to Crimea —was damaged in an overnight attack.
"People keep talking about it's a war in Ukraine. ... It's about one region of the country," U.S. Secretary of State Marco Rubio said.
The president made the comment in an interview with ABC News two days after U.S. Envoy Steve Witkoff praised Vladimir Putin as "a humanitarian." Hours later, Russia struck Kyiv with ballistic missiles and cluster munitions.
In a public letter, Democratic Senators and Representatives listed five questions concerning Starlink restrictions impacting Ukrainian forces, addressed to Musk. The demand comes as Ukrainian forces continue to experience severe problems operating Starlink military systems.
Metro AG responded, saying it did not approve the donations. On Sept. 28, Russian President Vladimir Putin signed a decree placing the Russian subsidiary of Metro AG under the Kremlin's control.
Friday, October 23
(Updated: )
The move comes amid increased attention to the worsening humanitarian crisis in the city, which over the past weeks has gained international attention, including from Pope Leo XIV.
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