Russian money transfer system Zolotaya Korona is gradually restoring its services in Georgia after a three-month suspension, according to Russian media reports. The system is already operational through one commercial bank, with plans to resume services through other banks in the coming weeks.
The suspension was linked to the inclusion of Novosibirsk-based Tax Payment Center, a correspondent intermediary for the Russian financial group, in the EU's 21st sanctions package. As a result, Zolotaya Korona suspended operations in several countries starting July 24, 2026. Neither Zolotaya Korona nor its KoronaPay service is directly included on the sanctions list, suggesting that transfers may now be processed through a different intermediary.
The suspension significantly affected money transfers from Russia to Georgia. Before the disruption, monthly remittances from Russia typically amounted to around USD 45–51 million. However, the figure dropped to USD 5 million in August 2026 and USD 8 million in September. October statistics have not yet been released.
BM.GE has contacted the National Bank of Georgia for clarification and will publish its response once received.
