James John, the mission Head of the International Monetary Fund, said today that the country’s Government, the National Bank were making “satisfactory efforts” to comply with the international sanctions placed on Russia for its invasion of Ukraine.

“There are risk factors with enforcement of sanctions, but Georgia is trying to fulfil the limitations imposed by the international community on Russia.

We have spoken to many stakeholders, as we hear from partner countries, and we find that Georgia, and especially the National Bank of Georgia, are making satisfactory efforts to comply with international sanctions”, - John said.

It should be mentioned, the Fund said today that the Georgian economy continued to “perform strongly, driven by robust tourism, transit trade, and financial inflows triggered by Russia’s war in Ukraine, and supported by prudent macroeconomic policies”.