U.S. Sanctions Billionaire Bidzina Ivanishvili of Georgian Dream Party for Undermining Democracy Under Executive Order 14024

Dec 27, 2024, 05:43 PM

The United States has imposed sanctions on Bidzina Ivanishvili, the founder and honorary chairman of Georgia's ruling party, Georgian Dream. The sanctions were announced by Secretary of State Antony Blinken, who stated that Ivanishvili's actions have undermined the democratic and European aspirations of the Georgian people, benefiting the Russian Federation. The sanctions freeze Ivanishvili's assets in U.S. jurisdiction and prohibit American companies and citizens from engaging in financial dealings with him. This move comes amid increasing concerns about Ivanishvili's influence in Georgia, where he is perceived as steering the country away from its pro-Western path and towards closer ties with Russia. The sanctions are part of a broader strategy to support democracy in Georgia, which has faced significant political turmoil and protests against its government's direction. Ivanishvili's designation under Executive Order 14024 highlights his alleged involvement in malign activities linked to Russian interests. The U.S. government has expressed commitment to holding accountable those who undermine democratic processes in Georgia.