Citigroup Expands Its Retreat From Russia

Citigroup is accelerating its retreat from Russia, halting new business and reducing operations due to significant financial exposure. The bank faces challenges in relocating 3,000 employees and dealing with market speculation on Russian debt. Exiting the consumer business is complicated by sanctions and finding suitable partners. Pricing and market conditions pose additional hurdles for investors.

What is the significance of the banks' ability to make markets in Russian debt?

What difficulties are mentioned regarding finding a buyer for Citigroup's operations in Russia?