Georgian Oligarch Sanctioned

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

» Published:

Georgian Oligarch Sanctioned
Photo: Kostya Manenkov/AP/TT

Share this article

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

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Sebastien Lecornu Sworn In as Protests Erupt Across France

Sebastien Lecornu Sworn In as Protests Erupt Across France

Netanyahu Urges Qatar to Expel or Prosecute Terrorists

Netanyahu Urges Qatar to Expel or Prosecute Terrorists

Charlie Kirk Shot Dead at Utah University Event

Charlie Kirk Shot Dead at Utah University Event

Cuba Faces Fifth Nationwide Power Outage This Year

Cuba Faces Fifth Nationwide Power Outage This Year

Deadly Floods Devastate Bali and Flores, 15 Dead and 6 Missing

Deadly Floods Devastate Bali and Flores, 15 Dead and 6 Missing

Qatar's Neutrality Questioned After Israeli Airstrike in Doha

Qatar's Neutrality Questioned After Israeli Airstrike in Doha

New Concerns Arise for Ursula von der Leyen in European Parliament

New Concerns Arise for Ursula von der Leyen in European Parliament

Israeli Airstrikes in Yemen Kill Over 30, Houthi Movement Reports

Israeli Airstrikes in Yemen Kill Over 30, Houthi Movement Reports

Nepal Military Enforces Control Amid Protests and Government Resignation

Nepal Military Enforces Control Amid Protests and Government Resignation

IS Member Sentenced to Life for Fatal Knife Attack at German Festival

IS Member Sentenced to Life for Fatal Knife Attack at German Festival

France Faces Protests as New Prime Minister Sébastien Lecornu Takes Office

France Faces Protests as New Prime Minister Sébastien Lecornu Takes Office

EU Proposes Pausing Trade Agreement with Israel Amid Gaza Concerns

EU Proposes Pausing Trade Agreement with Israel Amid Gaza Concerns

Trump Criticizes Israel Over Qatar Incident: "Not Satisfied"

Trump Criticizes Israel Over Qatar Incident: "Not Satisfied"

Poland Shoots Down Russian Drones: Expert Says It Was Inevitable

Poland Shoots Down Russian Drones: Expert Says It Was Inevitable

Trump Questions Russian Drone Incursion in Poland

Trump Questions Russian Drone Incursion in Poland

EU Leader Ursula von der Leyen Faces Pressure in Parliament This Autumn

EU Leader Ursula von der Leyen Faces Pressure in Parliament This Autumn

Poland Invokes NATO Article 4 After Russian Drone Airspace Violation

Poland Invokes NATO Article 4 After Russian Drone Airspace Violation

Greta Thunberg's Convoy Targeted by Drone Attack for Second Night

Greta Thunberg's Convoy Targeted by Drone Attack for Second Night

Two Judges Find Bolsonaro Guilty in Coup Attempt Trial

Two Judges Find Bolsonaro Guilty in Coup Attempt Trial

Israeli Airstrike in Doha Targets Hamas Leadership; Conflicting Reports on Casualties

Israeli Airstrike in Doha Targets Hamas Leadership; Conflicting Reports on Casualties