Finance Minister: authorities ensuring Russia sanctions are not circumvented through Georgia

“The public information about sanctions that has been made available by the European Union, as well as different agencies in the United States, the United Kingdom and Japan outlines what was sanctioned and what is regarded as a violation of sanctions”, Khutsishvili said. Photo: Finance Ministry

Agenda.ge, 22 May 2023 - 20:25, Tbilisi,Georgia

Georgian Finance Minister Lasha Khutsishvili on Monday said even though the country had not imposed sanctions on Russia for its invasion of Ukraine, the country’s authorities were “making sure” its territory would not be used for circumvention of the international sanctions for the war.

Khutsishvili said domestic agencies were “strictly complying” with trade and financial sanctions imposed on the Kremlin.

He also pledged sanctioned Russian companies or vehicles would not be permitted to operate in Georgia and added Georgia was “in full compliance with all applicable sanctions” in relation to ground vehicles, sea vessels and aircraft.

“The public information about sanctions that has been made available by the European Union, as well as different agencies in the United States, the United Kingdom and Japan outlines what was sanctioned and what is regarded as a violation of sanctions”, Khutsishvili said.

He also noted differences between sanction types by saying some companies were prohibited from investments while others have been restricted from purchasing cargo, adding it was “important” to discern between sanction types.