In May, 50.71% less funds were sent from Russia to Georgia using fast transfer systems than in the same period a year earlier. The total volume of such transfers amounted to $154.72 million.
According to the National Bank of Georgia, quoted by Kommersant, Russia continues to be at the top in terms of transfers and occupies the first position in it. In second place is Italy ($44.17 million), in third place is the United States with $38.30 million.
The record indicators of the entire monitoring history were recorded in May of last year. Then about $314 million was transferred from Russia.
As stated in the report, bank transfers from Russia are extremely difficult due to sanctions, so payments are made through fast transfer systems.
In the vast majority of cases, the recipients are citizens of the Russian Federation who left for Georgia after the entry of Russian troops into the territory of Ukraine.
In total, $389.9 million was transferred to Georgia in May, almost a quarter (23.9%) less than the previous year. At the same time, transfers from Russia last month accounted for 40.2% of all receipts from abroad.
Earlier, Russia lifted the ban on direct flights to Georgia, which had been in force since 2019. The Georgian Ministry of Economy reported then that in connection with this decision, the country’s tourism sector could receive $300-$400 million in profit per year. .
Author:
Natalia Gormaleva
Source: RB
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