Investment Banking

Citi to give emergency pay and aid to Ukraine staff as many flee to Poland

The US bank has kept its Ukraine operation open throughout the Russian invasion

Jane Fraser, chief executive at Citigroup, said in a memo that 'more than 200 of our Citi colleagues based in Ukraine are braving this horrific situation'
Jane Fraser, chief executive at Citigroup, said in a memo that 'more than 200 of our Citi colleagues based in Ukraine are braving this horrific situation' Photo: Rodrigo Capote/Getty Images

Citigroup has helped many of its 200 Ukraine-based employees with their evacuation to Poland in the wake of Russia's invasion and continued attacks on the country, Financial News can reveal.

The US bank has been providing staff who have left Ukraine with safe accommodation in Poland and handed additional emergency payments to affected employees to help with food and medical costs, according to a memo from chief executive Jane Fraser seen by Financial News.

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