US Department of State publishes “2022 Investment Climate Statements”. According to the report, the NBG and Georgian financial intuitions act fully in accordance with the financial sanctions imposed by the US and others on Russia.

“Georgia does not restrict foreigners from establishing a bank account in Georgia. Several local banks are subsidiaries of international banking groups and subject to the same regulations.

The National Bank of Georgia and Georgian financial intuitions act fully in accordance with the financial sanctions imposed by the United States and others on the Russian Federation.

Compliance with international financial sanctions is systematically checked during the onsite inspections of financial institutions”, - reads the report.