Acting National Bank Governor: Georgia will “never become platform” for evading int’l sanctions

Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday said the country would “never become a platform” for evading the international sanctions imposed on Russia for its invasion of Ukraine.

The National Bank said Turnava featured in an event on international sanctions risk management, organised by consulting company EDDWISE, where she said the NBG was using “all resources” to fulfil requirements of international sanctions. 

The NBG is closely working with the European Union, the Office of Foreign Assets Control and other international donor organisations to receive advice on specific issues and sanctions-related issues”, Turnava said.

Sharing experience with invited experts in sanctions enforcement and risk management is important, and I believe today's event is special. It will play a role in terms of sharing experience”, she added.

Turnava also highlighted the NBG’s mechanisms for advanced sanctions enforcement management, methodology and monitoring systems for the fulfilment of international sanctions requirements, which she said were valid even during remote and physical inspections of banks.

The two-day training aimed to share knowledge and experience for ensuring “maximum compliance” with international sanctions and featured “high-ranking” foreign speakers, the Bank said.