Thu, February 20, 2025
Wed, February 19, 2025
[ Wed, Feb 19th 2025 ]: Politico
Ballard links with Italian firm
[ Wed, Feb 19th 2025 ]: sanews
Budget speech postponed

Georgia's richest man said to be moving funds to avoid US sanctions

Bidzina Ivanishvili, Georgia's richest man and former prime minister, is reportedly transferring his assets to avoid potential U.S. sanctions due to his connections with Russian oligarchs. According to a Bloomberg report, Ivanishvili has been moving funds and assets, including shares in his investment firm, to his family members. This action comes amidst heightened geopolitical tensions and the risk of sanctions against individuals linked to Russia. Ivanishvili, who made his fortune in Russia before returning to Georgia, has significant investments in various sectors including banking, real estate, and utilities. His moves are seen as a preemptive measure to safeguard his wealth amid fears that the U.S. might impose sanctions on him for his past business dealings with sanctioned Russian entities.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/georgia-s-richest-man-said-to-be-moving-funds-to-avoid-us-sanctions/ar-AA1zoRO0 ]