Giorgi Bakradze, advisor to the board of directors of "Procredit Bank Georgia" notes, that no Georgian bank will violate international financial sanctions, because the bank will be removed from the financial system and will not be able to work.
"Any country's banking system is not immune - it is a member of the international financial network, and if we want to be part of this system, our banking sector must also join the sanctions; The most important weapon that Europe and America have is probably not the atomic bomb, but finance. Sanctions imposed by the US mean that if any non-US bank violates the sanctions imposed by the US, it will simply be removed from the financial system, so no bank will go for that", - Giorgi Bakradze said.
Regarding the Russian law proposed by the ruling Georgian Dream, two draft resolutions have been registered in the European Parliament, one by the European People's Party (EPP) and the other by the Greens/European Free Alliance (Verts/ALE). The MEPs have initiated a proposal to impose sanctions on deputies of the Parliament of Georgia who vote for the law's adoption, as well as Georgian Dream honorary chairman Bidzina Ivanishvili. Furthermore, the resolution calls for the repeal of this law as a condition for the provision of any financial assistance intended for Georgia. The resolution is scheduled for a vote in the European Parliament on April 25.
