NEWS

Georgian National Bank Vice President: financial sector ensuring sanctions on Russia “very well”

He also said enforcement of the sanctions was reducing negative impacts of the ongoing Russia-Ukraine war on Georgia's economy. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 11 May 2023 - 16:52, Tbilisi,Georgia

Archil Mestvirishvili, the Vice President of the National Bank of Georgia, on Thursday said the domestic financial sector was ensuring enforcement of the international sanctions on Russia for its invasion of Ukraine “very well”.

The National Bank is monitoring compliance to the sanctions imposed by the European Union, the United Kingdom and the United States, the NBG VP said, noting the financial system was “meticulous” in its monitoring of the process.

He also said enforcement of the sanctions was reducing negative impacts of the ongoing Russia-Ukraine war on Georgia's economy.

“The financial sector is taking this matter very seriously”, he said in comments.

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