”If Georgia were to announce sanctions against Russia, it would be imposing sanctions against itself, because when you set sanctions, the party that realizes that you suffer more, takes measures against you,” - the Deputy Finance Minister of Georgia Mikheil Dundua said.
The Deputy Minister of Finance recalled the report of the International Monetary Fund, which was published in April after the Russian invasion of Ukraine. According to the forecast in this document, 2022 should have ended with a 3.2% economic growth for Georgia, which, considering the 15% growth recorded in the first quarter of the year, meant 0% growth in the second, third and fourth quarters.
As Dundua said, such a forecast was made by the IMF in view of the decline in economic relations with Russia, Ukraine and Belarus against the background of the war in Ukraine.
"Now imagine the situation when Georgia could impose sanctions. It is easy to understand that it is impossible for Georgia to impose such an economic sanction against Russia as to have a significant negative impact on Russia. As of today, it is several times more difficult for Georgia to enter this process than for Russia," - Dundua added.
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