Russians are being cut off from car supplies: Georgia bans re-exports to Russia and Belarus
Today, September 26, a ban on the export and re-export of cars from the European Union (EU) to the terrorist countries of Russia and Belarus came into force in Georgia. This means that Russians will no longer be able to buy Western-made cars that have been delivered to the Georgian market.
This was reported by Echo of the Caucasus. This restriction was envisaged by the 11th EU sanctions package, which was approved back in June to strengthen the previously imposed restrictions and combat sanctions circumvention. If Georgia had not imposed the ban, the EU could have imposed sanctions on Georgia already.
According to Georgia's statistics agency, re-exports of cars to Russia have fallen sharply since August. While in July 1,054 cars worth more than $13 million were re-exported from Georgia to Russia, in August only 85 cars were exported.
In the first half of the year, 4,840 cars worth $65.8 million were re-exported from Georgia to Russia. Over the past 2 years, car re-exports have become one of Georgia's largest exports. In 2023, it reached 1.17 billion, almost 33% of total exports.
It should be noted that on August 1, a ban on the export of American-made cars to Russia and Belarus came into force. At the same time, the Revenue Service of the Ministry of Finance of Georgia reminded that from September 26, this would apply to cars from the EU.
As OBOZREVATEL previously reported, the Kremlin managed to circumvent G7 sanctions that limited the maximum cost of oil from Russia. About two-thirds of all oil is sold without Western insurance, while the cost of black gold is rising to $100 per barrel.