"If the central bank does not follow the sanctions, it will be awful. However, I don't doubt that commercial private banks will take the right step," Iva Chkonia, the founder of "Vote For Europe", said.
According to Chkonia, the financial sector of Georgia will collapse otherwise.
"These sanctions are imposed against specific people, not the Georgian people. Sanctions are imposed personally against people who commit crimes against the Georgian people.
We must realize how dangerous this situation is for the future. If the National Bank is not subject to sanctions, it will be very bad, but I do not doubt that commercial private banks will take the right step. Otherwise, financial institutions in our country will collapse, and it will be unnecessary to talk about investments or the development of the country. If we don't follow the sanctions, the business and the country will have quite serious problems," said Iva Chkonia.
