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Friday, February 3, 2023

“Growth of Georgian tourism & exports much higher without Russia”: FM Khutsishvili 

Tbilisi: In the latest government briefing, the Finance Minister of Georgia, Lasha Khutsishvili, reinstated that Georgia has been totally complying with the sanctions that the international communities have imposed against Russia and growth trends in tourism and exports has turned even higher without Russia.

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Tbilisi: In the latest government briefing, the Finance Minister of Georgia, Lasha Khutsishvili, reinstated that Georgia has been totally complying with the sanctions that the international communities have imposed against Russia and growth trends in  Georgian tourism and exports has turned even higher without Russia.

“There is no reason for anyone to doubt that the enforcement of sanctions is not happening in Georgia yet, – we can boldly say that Georgia is one of the advanced countries in the implementation of international sanctions“, stated Georgian FM Khutsishvili.

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As he noted, the Georgian government has daily communication with partners regarding the enforcement of sanctions. Moreover, the country has received letters of thanks for complying with standards set in the enforcement of international sanctions.

Further, Khutsishvili added- “In the enforcement of sanctions, in the financial sector, as well as in the trade sector, there is very strict control by the Georgian government and the National Bank.” Therefore, there is no reason for anyone to doubt the measures that Georgia is implementing. In this piece, I can clearly say that we are very closely coordinated with our partners, the United States and the EU.” 

In fact, information is exchanged and communicated in a daily mode. Georgia has received many letters of thank you for the measures taken over the last year to ensure sanctions meet established international standards. All the tools the country needs to have in the trade, finance and banking sectors are in place. 

As per him, Georgia is in constant communication with bodies and agencies with direct control in the EU, UK, USA and other countries with direct sanctions. Accordingly, this communication, and the measures that Georgia has taken, guarantee that our country will personally fulfil its obligations.

Finance Minister also revealed some statistical data on various aspects. As he noted, tourism and exports in Georgia have grown more in relation to other countries of the world than in relation to Russia.

I want to point out clearly that the growth of Georgian tourism and exports was much higher without Russia than with Russia. Exports to the whole world have grown much more than it has grown to Russia. Also, tourism towards the whole world has grown much more than with Russia. Therefore, in this part, it is better to rely on official statistics and draw conclusions from the correct statistics,” said Finance Minister Lasha Khutsishvili.

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