PM: We will not allow illegal operation of any sanctioned individual or company on the territory of Georgia, we hear only baseless accusations in this regard

27.05.22 18:00

"Although Georgia has not imposed economic sanctions against Russia at the national level and we will not do so because of our national interests, of course, we have stated this many times and I want to state once again that we will not allow illegal operation of any sanctioned individual or company on the territory of Georgia," Prime Minister Irakli Gharibashvili stated in the Parliament.


According to him, no sanctioned company or individual will be allowed to use Georgia to circumvent sanctions.


"We will not allow any sanctioned company or individual to use Georgia to circumvent sanctions. None of such facts have been reported so far, despite the fact that we hear a number of completely baseless accusations, slander, both from the opposition and, unfortunately, from the Ukrainian Government.

In general, I would like to say that our legislation is in full compliance with international law and regulations, such as the UN sanctions committee regulations and the relevant UN Security Council resolution. Our legislation, for example, on money laundering, terrorist financing, control of military products, ensures the inability to evade sanctions. In addition, we have very close coordination with our strategic partners, we have a constant exchange of information on a daily basis, and I want to reiterate that our Government will certainly not allow the illegal activities of any country, any sanctioned company or individual in Georgia," Gharibashvili said.


According to Irakli Gharibashvili, the National Bank of Georgia and Georgian financial institutions operate in full compliance with the financial policies of the United States, the European Union and the United Kingdom.


"In general, one of the main challenges facing the financial sector was the issue of the VTB Bank branch, which was managed at a highly professional level. The National Bank and the Government did everything possible to ensure that our citizens did not have any problems. As you know, this bank had been sanctioned and we acted immediately and did everything so that no questions were left to any of our partners," Gharibashvili said.



source: IPN 

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