The closure will affect about 2,300 of Citi's 3,000 employees in Russia across 15 branches, the bank says.
Asian American Foundation says it will invest its largest-ever philanthropic effort to support the community in anti-hate programmes, education, and data and research.
Project, named Cache, will have accounts by Citigroup Inc and a credit union at Stanford University, according to a Wall Street Journal report.
The move would shift the banks' loan books away from fossil fuels in an attempt to fight climate change.
The country's top prosecutor alleges ANZ, Deutsche Bank and Citigroup behaved as a criminal cartel in a 2015 share issue. The three banks say they will defend the charges. Individuals face prison terms of up to 10 years under Australian law.
Morgan Stanley, Deutsche Bank, Goldman Sachs and Citigroup - some of the biggest names in the banking world - are beefing up their presence in Frankfurt.
Wall Street rallies as financial stocks rise with better-than-expected profit and revenue results.
Argentina seeks to borrow cash on international credit markets after 15 years of economic isolation
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