Georgia's economic dependence on Russia: Impact of the Russia-Ukraine war
Tbilisi. Transparency International Georgia studied the issue of Georgia's economic dependence on Russia, as it poses a threat to the country. In particular, the data as of June 2022, on trade between Georgia and Russia, tourists, remittances, foreign direct investments from Russia, and registration of Russian companies in Georgia were analyzed.
In January-June 2022, Georgia received about USD 1.2 billion in income from Russia through remittances, tourism, and commodity exports, which is 2.5 times more than the income received from Russia in January-June 2021 from the same sources. Moreover, this year’s receipts are 36% more than the income received from Russia before Covid-19 - in January-June 2019. This means that compared to previous years, Georgia's economic dependence on Russia has been increasing. This growth is mainly due to the soaring remittances. Exports of goods taken separately decreased.
Source: transparency.ge
