US Department of State: National Bank of Georgia, Georgian financial institutions acting "fully in accordance" with financial sanctions imposed on Russia
The Statements stressed that the compliance of Georgian financial institutions with international financial sanctions was “systematically” checked during the onsite inspections of financial institutions. Photo: Reuters
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The 2022 Investment Climate Statements released by the United States Department of State on Thursday said the National Bank of Georgia and Georgian financial institutions were acting "fully in accordance" with the financial sanctions imposed by the United States and others on Russia due to its invasion of Ukraine.
The report stressed that the compliance of Georgian financial institutions with international financial sanctions was “systematically” checked during the onsite inspections of financial institutions.
Kelly Degnan, the United States Ambassador to Georgia, said on Thursday the US was working with its Georgian partners to oppose any attempts by Russia to circumvent the international sanctions imposed on the country for its invasion of Ukraine.
Ukrainian officials have several times accused the Georgian Government of supporting Russia to evade sanctions through the use of the Georgian territory and the banking system, the allegations which have been strongly condemned by the Georgian Dream authorities, demanding any evidence to prove the “unfounded accusations".
Kyiv has not presented any evidence so far which would have backed their allegations.
Kelly Degnan, the United States Ambassador to Georgia, said on Thursday the US was working with its Georgian partners to oppose any attempts by Russia to circumvent the international sanctions imposed on the country for its invasion of Ukraine.
Kelly Degnan, the United States Ambassador to Georgia, on Tuesday said David Arakhamia, a member of the Ukrainian parliament, had not produced “any evidence” to support his allegations that the Georgian Government is involved in facilitating evasion of international sanctions placed on Russia for the invasion of Ukraine.
The Georgian Government has a “principled position” on not allowing “any legal entity or individual” to use the territory of Georgia to circumvent international sanctions imposed against Russia for its invasion of Ukraine, Prime Minister Irakli Garibashvili said on Wednesday.
Georgia is in full compliance with the financial sanctions imposed by the international community against Russia due to its invasion of Ukraine, Georgian Foreign Minister David Zalkaliani said on Thursday.
Georgia ranks high in the region as a good place to do business despite challenges, the 2022 Investment Climate Statements, released by the United States Department of State on Thursday, said.
The United States Department of State’s 2022 Investment Climate Statements, which on Thursday said the National Bank of Georgia and Georgian financial institutions were acting "fully in accordance" with the international financial sanctions imposed on Russia due to its invasion of Ukraine, is a “cold shower” for Georgian Government’s critics, ruling party MP Mikheil Sarjveladze said on Friday.
The United States Department of State’s 2022 Investment Climate Statements has confirmed that the Georgian Government has never allowed Russia to circumvent international sanctions imposed on it for invading Ukraine through the use of the Georgian territory or “any other means”, Prime Minister of Georgia Irakli Garibashvili said on Friday.
Georgian Ambassador to the United States David Zalkaliani on Friday said the Department of State’s 2022 Investment Climate Statements “clearly” emphasised the “remarkable achievements” of Georgia, "endorsed" by the data of many international rating agencies "in almost all fields".
Georgian Minister of Defence Juansher Burchuladze on Thursday said the “narrative” produced by the Ukrainian authorities towards the Georgian Government was “not correct”.
Mikheil Sarjveladze, the Chairman of the Committee on Human Rights of the Georgian Parliament, on Thursday slammed Mykhailo Podolyak, an adviser to the Head of the Ukrainian President's Office, for making “unsubstantiated” allegations towards Georgian authorities.
Georgia’s imprisoned former President Milkheil Saakashvili is a “historic criminal”, not a historic figure, ruling Georgian Dream party MP Rati Ionatamishvili said on Thursday in response to Mykhailo Podolyak, an adviser to the Head of the Ukrainian President's Office, who had commended Saakashvili as a “historic figure” whose arrest in Tbilisi last year was “unjustified”.
Archil Talakvadze, the Vice Speaker of the Georgian Parliament, on Friday slammed David Arakhamia, a member of the ruling People's Servant party in the Ukrainian Rada of Georgian descent, for making “unfriendly” statements towards Georgia.
Russian and Panamanian-flagged ships loaded with fuel and grain between August 11 and 15 and accepted at Georgia’s Poti and Batumi ports had “no connections” with companies sanctioned for Russia’s invasion of Ukraine, the Revenue Service of the Ministry of Finance of Georgia said on Tuesday.
The National Bank of Georgia on Monday said it had developed a set of regulations to prevent violation of international sanctions imposed on various countries by partner states or blocs in financial transactions facilitated by domestic commercial banks.
Archil Mestvirishvili, the Acting Governor of the National Bank of Georgia, on Monday said compliance with international sanctions imposed on Russia for its invasion of Ukraine was “very important”, and the Georgian financial sector was taking the matter “very seriously”.