A ban on the export and re-export of cars from the EU to Russia and Belarus has come into force in Georgia.
This was reported by the Echo of the Caucasus.
On September 26, Georgia banned the export and re-export of cars from the European Union to Russia and Belarus.
This restriction was part of the 11th EU sanctions package, which was approved in June to strengthen the previously imposed restrictions and combat sanctions circumvention.
On August 1, a ban on exports of American-made cars to Russia and Belarus came into effect. At the same time, the Revenue Service of the Georgian Ministry of Finance reminded that starting September 26, this would apply to cars from the EU.
According to the Georgian statistical agency, re-exports of cars to Russia have fallen sharply since August. While in July 1054 cars worth more than $13 million were re-exported from Georgia to Russia, in August, only 85 cars were re-exported.
In the first half of the year, 4,840 cars worth $65.8 million were re-exported from Georgia to Russia.
Author - Olena Madiak, 26/09/2023