Citibank, the Russian subsidiary of one of Wall Street's largest banks, Citigroup Inc., announced the closure of its ATM network, as reported by Moscow Times.

In a statement to clients, the bank confirmed that all ATMs would be dismantled by the end of 2023. Most customer transactions will now be directed to Citibank's online banking platform.

Citigroup Inc. had previously announced the closure of its Russian subsidiary at the end of last summer.