After freezing Rustavi2"s shares the judge Tamaz Urtmelidze has frozen the assets of TV company Sakartveli, which owns 51 percent of Rystavi2"s shares.

Nika Gvaramia responded to the decision at a special briefing and stated that after such decision all financial sources of Rustavi2 were blocked.

The management of Rustavi2 believes that this decision is a targeted actions against the broadcasting company.  According to them, government has restricted the work of media deliberately before the elections.

In order to overcome the imposed financial problems and ensure functioning of the TV company, the shareholders of “TV Sakartvelo” LLC, a major shareholder of Rustavi 2 Broadcasting Company, have decided to sell all of their shares in “TV Sakartvelo “LLC while preserving their 40 percent share in Rustavi 2. According to the purchase agreement, the investor undertook the obligation to invest 6 million US dollars in Rustavi 2 Broadcasting Company.  Contrary to the declaration of the claimant, these funds were intended as investment in the charter capital of Rustavi 2 Broadcasting Company and did not imply any obligations from Rustavi 2.The relevant documents prepared in full compliance with the Georgian legislation and interim injunction issued by Tbilisi City Court were filed for registration in the Public Registry. The Public Registry suspended the registration proceedings .

Meanwhile, it has become known that Tbilisi City Court has arrested the shares of “TV Sakartvelo” LLC on the request of the representative of Kibar Khalvashi.