By Andrei Skvarsky.
Barclays Bank’s Russian unit will focus on investment banking after offloading its retail and commercial banking operations in Russia under a deal it has just signed with investors including banker Igor Kim.
The deal follows a February 15 announcement by the British institution that it would close its retail and commercial banking business in Russia.
Barclays is one of several foreign banks that have been shutting or curtailing their Russian operations and have included HSBC and BNP Paribas.
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