The Acting President of the National Bank of Georgia (NBG), Natia Turnava, on Friday, hosted the German Ambassador to Georgia, Peter Fischer, discussing the future prospects of cooperation.

According to the NBG press office, the discussion focused on the execution of financial sanctions imposed by the United States, the United Kingdom, and the European Union in response to Russia’s invasion of Ukraine.

Turnava emphasized that the National Bank was in close touch with commercial banks and continues to implement international sanctions.

“We clearly stated that Georgia, our financial system, the National Bank, will remain faithful to the international obligations,” Turnava underscored.

The German ambassador deemed the meeting “important,”  adding “Wish to deepen cooperation with the NBG.”

“Agreed sanctions pressure on Russia must remain and Georgia must not be place of circumvention. Also, need for institutional and regulatory alignment for Georgia’s path to the EU,” Fisher said.

Important mtng today w Natia Turnava, Acting President @NBGeorgia. Agreed sanctions pressure on #Russia must remain and 🇬🇪 must not be place of circumvention. Also, need institutional & regulatory alignment for 🇬🇪 path to 🇪🇺. Wish to deepen coop @NBGeorgia 🤝🏻 @bundesbank pic.twitter.com/Og58li2WeM

— Peter Fischer (@Diplo_Peter) September 22, 2023