“The National Bank of Georgia is known for its strictly and meticulously monitoring the implementation of sanctions in our financial system,” - Natia Turnava, Acting President of the National Bank, said.
"Our banks are eager to comply with all the regulations and all the restrictions imposed on the Russian Federation by the United States of America, Great Britain and the European Union after the start of the Russian-Ukrainian war," Turnava noted.
The group working on the international sanctions thanks the authorities of Georgia. Members of the group note that the country has developed a large-scale complex system to avoid circumvention of sanctions. At the briefing, it was also said that the sanctions apply to the financial sector, items and goods that can be used to buy weapons or on the battlefield. This means that no one is asking Georgia to suspend trade in food, fertilizer or other consumer goods.
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