Statement of the National Bank of Georgia

Statement of the National Bank of Georgia

27 February, 2022

Various Russian channels have spread disinformation, claiming that the National Bank of Georgia is not imposing any restrictions on sanctioned financial institutions. This is a false accusation and a part of the war and aggression, which currently is taking place in Ukraine. 

 

We would like to emphasize that the National Bank of Georgia is acting in accordance with the international resolutions and standards and cannot and will not help evading implementing these sanctions. As any banking supervisory organization, our aim is to protect the interests of depositors and our actions are aimed towards this aim only. 

 

Today, when the all of Georgia is standing by the Ukrainian people and supports their fair fight for democratic values, it is crucial to prevent the spread of disinformation and false information. 

 

The National Bank of Georgia will provide you with further information in accordance to the current developments in the Georgian Financial Sector.