SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Georgian Oligarch Sanctioned

The USA has decided to impose sanctions on Georgia's former Prime Minister, billionaire Bidzina Ivanishvili.

» Published: 27 December 2024

Georgian Oligarch Sanctioned
Photo: Kostya Manenkov/AP/TT

Ivanishvili co-founded the ruling party Georgian Dream, but he currently holds no official office in the country. Despite this, he is believed to still have significant influence on the party's policy.

"We strongly condemn Georgian Dream's actions under Ivanishvili's leadership, including the ongoing and violent suppression of Georgian citizens, demonstrators, media personnel, human rights activists, and opposition members," says US Secretary of State Antony Blinken in a statement.

Forbes ranks Bidzina Ivanishvili as one of the world's 700 richest people, with an estimated fortune of approximately 54 billion kronor. Ivanishvili is believed to have built his fortune as a businessman in the Russian banking and mineral industry, among other things.

During Georgian Dream's time in government, the country is believed to have moved closer to Russia, with widespread and recurring demonstrations as a result. Among other things, the Georgian government has decided to freeze all talks about EU membership until 2028.

The party declared itself the winner of the autumn election, where it received 89 of the parliament's 150 seats. The result has not been recognized by the country's opposition or by the EU Parliament, which claims electoral fraud.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Argentina withdraws from the World Health Organization
1 MIN READ

Argentina withdraws from the World Health Organization

Zelensky: Bringing Home 150 in Exchange
1 MIN READ

Zelensky: Bringing Home 150 in Exchange

Expert on Trump's Gaza Plan: No Difference from Crimea
3 MIN READ

Expert on Trump's Gaza Plan: No Difference from Crimea

New Rebel Offensive in Congo-Kinshasa
1 MIN READ

New Rebel Offensive in Congo-Kinshasa

Trump: Doesn't Want to "Break Iran into Small Pieces"
1 MIN READ

Trump: Doesn't Want to "Break Iran into Small Pieces"

No Discount on Fines for Poland – Despite Change in Power
1 MIN READ

No Discount on Fines for Poland – Despite Change in Power

Strong Reactions to Trump's Gaza Proposal
2 MIN READ

Strong Reactions to Trump's Gaza Proposal

Police Chase After Shooting in Brussels
1 MIN READ

Police Chase After Shooting in Brussels

Sources: Israel has had Gaza plans for months
2 MIN READ

Sources: Israel has had Gaza plans for months

Trump wants to buy out CIA employees
1 MIN READ

Trump wants to buy out CIA employees

Expert on Trump's Gaza Statement: "Shocking"
2 MIN READ

Expert on Trump's Gaza Statement: "Shocking"

Zelensky opens up for direct talks with Putin
1 MIN READ

Zelensky opens up for direct talks with Putin

Saudi Arabia Gives Israel the Cold Shoulder
2 MIN READ

Saudi Arabia Gives Israel the Cold Shoulder

Hamas on Trump's Gaza Gambit: "Absurd"
3 MIN READ

Hamas on Trump's Gaza Gambit: "Absurd"

Trump: It's Hell to Live in Gaza
2 MIN READ

Trump: It's Hell to Live in Gaza

Trump threatens Iran with tough measures and sanctions
1 MIN READ

Trump threatens Iran with tough measures and sanctions

After the Örebro Attack: Denmark Cancels Flag Day
1 MIN READ

After the Örebro Attack: Denmark Cancels Flag Day

More authorities under Trump's axe
2 MIN READ

More authorities under Trump's axe

Robert F Kennedy cleared the first hurdle
1 MIN READ

Robert F Kennedy cleared the first hurdle

Syria's new leader seeks support from Turkey
1 MIN READ

Syria's new leader seeks support from Turkey