According to the National Bank of Georgia, almost half of the money transfers that arrived in the country last year came from the Russian Federation.
Since the beginning of the Russian Federation’s full-scale war against Ukraine and until the end of last year, Russian citizens have opened nearly 110,000 bank accounts in Georgia, the newspaper reports. Georgian news.
In the period from February 24 to December 31, 2022, 109,949 accounts were opened in the names of Russian citizens in Georgia for individuals, and six more for legal entities.
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It is noted that the numbers do not necessarily reflect the number of individuals who opened an account for themselves, since one person can be the owner of several accounts in different banks.
Russians opened the most accounts in Georgian banks in October (27784), November (15994) and December (10778) 2022. Less than all accounts were opened in August – 6409.
Russian Forbes wrote that in 2022, Russian freelancers withdrew 6.8 times more funds to foreign accounts than in 2021. According to a study by Solar Staff, most of the previous year, freelancers from the Russian Federation withdrew money to Georgia.
According to the National Bank of Georgia, almost half of the money transfers that arrived in the country last year came from Russia. Volumes have grown exponentially since March 2022 and peaked in May, when values, compared to the months before the Russian Federation’s full-scale attack on Ukraine, increased more than 10 times.
The volume of migrations increased for the second time after the announcement of mobilization in Russia and the mass arrival of a new wave of Russians in Georgia.
It can be remembered that the previous President of Georgia, Salome Zurabishvili, spoke against the restoration of direct flights to Russia and asked to tighten the conditions for the stay of Russians in the country.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.