More than 100,000 bank accounts opened by Russians in Georgia since September ‘partial mobilization’

17 February, 01:03 PM
Russian citizens opened 109,949 accounts in Georgia (Photo:TBC — თიბისი via Facebook)

Russian citizens opened 109,949 accounts in Georgia (Photo:TBC — თიბისი via Facebook)

Since the announcement of partial mobilization in Russia, its citizens have opened more than 100,000 bank accounts in Georgia, local publication Novosti Georgia reported on Feb. 16.

The peak of account opening occurred in autumn and winter, the publication noted.

Since the beginning of the full-scale war of the Russian Federation against Ukraine until the end of 2022, Russian citizens have opened almost 110,000 bank accounts in Georgia.

A total of 109,949 accounts were opened in the names of citizens of the Russian Federation during this period, according to Novosti Georgia. Another six accounts were opened for Russian legal entities.

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Russians opened the most accounts in October (27,784), November (15,994) and December (10,778) last year — after Russian dictator Vladimir Putin announced a “partial mobilization” in the Russian Federation. The fewest accounts were opened in August (6,409).

Novosti Georgia noted that the number of open accounts is not equal to the number of Russians who had fled to Georgia. One person can open accounts in several banks of the country at once.

According to the National Bank of Georgia, almost half of the remittances received in the country during the year came from Russia. Volumes have grown several times since March 2022 and reached a peak in May, when the amounts, compared to the months before the open attack of the Russian Federation on Ukraine, increased by more than 10 times.

The second peak of remittances began after the announcement of mobilization in Russia and a massive influx of a new wave of Russians into Georgia.

Earlier, it was reported that the Ukrainian car sharing company Getmancar had started working in two cities of Georgia – Tbilisi and Batumi.

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