#Georgia_Russia: Economically, Georgia is becoming a dependent recipient of Russian money. Here are some statistics that show that Georgian-Russian ties are growing even stronger during the current geopolitical crisis: ⤵️
1) There are about 13,500 Russian businesses (nearly half of which opened between March and May 2022) in Georgia; 2) 58% of the total Georgian wine is sold in Russia (58 million dollars); 3) Oil imports amount to 118 million dollars (+280% increase in 2022 due to the ⤵️
redirection of oil caused by sanctions on Russia for attacking Ukraine); 4) 15% of tourists coming to Georgia are from Russia (240,000 tourists-"fleeing Russians" in January-June 2022); ⤵️
5) Remittances (payments) from Russia reached 42% due to the entry of Russians (750 million dollars). At the same time, imports from Russia constitute only 11.0%, while exports (including re-export) are 10%. Exports are likely to grow as Georgia becomes an artery for ⤵️
overland freight transport from Turkey to isolated Russia. The Georgian opposition, but also some Ukrainian officials, accuse the government of being "pro-Russian" for not distancing itself from Russia. This is something the ruling party is unwilling to do, in part ⤵️
because it is struggling to keep up with the economy. Therefore, the government is compensating the economic output with the budget revenue from the business with Russia to survive politically at home.
More data is available in the @Transparency_GE report, here: transparency.ge/en/post/georgi…
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