The Institute for Development of Freedom of Information (IDFI) has investigated Russian capital accumulation over several sectors. According to the IDFI, there are 3,069 active companies holding licenses and operating in the mining and mineral waters sector in Georgia. However, there are seven core companies that have distinct ties with Russian businesses and citizens, including: Rich Metals Group (RMG), Capital Group LTD, Mega Holding (Tbilcement Group), Sairme Mineral Water, IDS Borjomi, Gurzvinprom, and Mixor (Institute for Development of Freedom of Information (IDFI).
The assessment of Russian business linkages within the Georgian mining and mineral waters sector thus indicates moderately concerning signs and sphere vulnerability from potential risks due to the current extent of Russian ownership. Since the ownership shift in IDS Borjomi, Russian interests in this sector have technically decreased. Nevertheless, as this sector has high employability potential, together with its significant economic and societal value, its vulnerabilities towards the potential threats associated with Russian ownership are heightened.
