The Investigation Service of the Ministry of Finance of Georgia says it has launched and is conducting an investigation into companies sanctioned by the UK, adding that the cases have already led to specific legal outcomes.
The agency said the companies targeted in the UK sanctions — Aifory LLC, Arvix LLC and Rapira Group LLC — do not operate within Georgia’s economic sphere.
“The investigation has established that Aifory LLC and Arvix LLC were fictitiously registered in the names of other persons in exchange for a certain fee, but in reality they operated in Russia, Moscow, and did not have assets or offices in Georgia,” the statement reads.
The service said that in a related criminal case, a court ruling issued on April 28, 2026 sentenced three defendants to fines and suspended sentences, while the alleged organiser, Davit Jincharadze, received 9 years and 6 months in prison.
In relation to Rapira Group LLC, the agency said the company was registered through a power of attorney by a British citizen and provided services exclusively to Russian users via the rapira.net website. It added that the domain was registered with a Russian registrar and that the company had no bank accounts, assets or offices in Georgia.
The investigation service said it continues to work with international partners to combat financial and cybercrime and to prevent attempts to circumvent international sanctions.
The UK imposed sanctions on Arvix LLC, Rapira Group LLC and Aifory LLC as part of a wider package targeting crypto-related networks and alleged illicit financial structures used by Russia to bypass restrictions.
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