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Legal updates, guides, and commentary on Georgian law and practice.
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Banking
UK Sanctions Three Georgia-Registered Companies for Russia Sanctions Evasion
The United Kingdom has sanctioned three Georgia-registered companies operating Russia-focused crypto exchanges, with the Investigation Service of Georgia's Finance Ministry subsequently revealing criminal convictions and prison terms for their Georgian-registered operators.
TK Counsel editorial · 27 May 2026
BankingNational Bank of Georgia Raises Refinancing Rate to 8.25% — First Change in Two Years
The National Bank of Georgia's Monetary Policy Committee has raised the key refinancing rate by 0.25 percentage points to 8.25%, citing supply-side inflation driven by Middle East tensions and disruptions to Strait of Hormuz shipping.
TK Counsel editorial · 7 May 2026