Kobulia on Ivanishvili's sanctions - will have a severe effect on economic development and attracting Western investment
Posted: Mon Jan 06, 2025 4:11 am
The fact that the US has effectively sanctioned the country's first person is a strong negative signal for Western investments, - this is how former Minister of Economy Giorgi Kobulia assesses the imposition of financial sanctions on Bidzina Ivanishvili.
As Giorgi Kobulia told BMG, if the Georgian Dream had not taken Singapore business fax list steps unacceptable to the West, sanctions could have been avoided. According to his assessment, now it will be increasingly difficult to repair relations with the US.
He said that if Georgian Dream fails to mend relations with the West, it will significantly harm the country's economy.
“The fact that Bidzina Ivanishvili has been sanctioned by the US Treasury Department is a rather serious fact, both for him personally and for Georgia. This will have a detrimental effect on the development of our country’s economy, in particular, on attracting Western investments. Georgia has already had difficulty attracting Western investments. When we have a situation where the de facto first person of the country is sanctioned by the US,X
As Giorgi Kobulia told BMG, if the Georgian Dream had not taken Singapore business fax list steps unacceptable to the West, sanctions could have been avoided. According to his assessment, now it will be increasingly difficult to repair relations with the US.
He said that if Georgian Dream fails to mend relations with the West, it will significantly harm the country's economy.
“The fact that Bidzina Ivanishvili has been sanctioned by the US Treasury Department is a rather serious fact, both for him personally and for Georgia. This will have a detrimental effect on the development of our country’s economy, in particular, on attracting Western investments. Georgia has already had difficulty attracting Western investments. When we have a situation where the de facto first person of the country is sanctioned by the US,X