We must understand that in the case of sanctions

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He spoke about the impact of international sanctions on the Georgian banking system on the BMGTV program "Analytika". " We have invested a lot of work by many people to achieve such a financial system, in terms of its infrastructure capabilities and leadership. It is understandable that you can criticize a specific bank and its actions, etc. This is, of course, objective criticism, but as such, the banking and financial system is functioning well with us, people have forgotten what a lost deposit or a bankrupt bank means, transfers are made in seconds, technologies are included - all this is the result of the work of many people.


and isolation, all this will collapse in one day. I will tell you more, there was such a case in Lebanon (and Lebanon, we can assume that in financial terms, is the Switzerland india fax data of Arab countries, where Arab capital is accumulated) the second largest bank there declared that it would not comply with international sanctions, because it could not receive an argument from the West as to why so many people were on the "Magnitsky list".


This decision was supported by the central bank there. At that time, the US Treasury made a statement that it would begin to discuss the issue of taking special measures against the Lebanese banking system. Discussion of the issue, not sanctions. This one statement caused such panic that the management of that bank, the manager of the central bank, etc. resigned, "explains Giorgi Kadagidze.