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Re-export of US, EU-imported cars to Russia, Belarus via Georgia banned

by Georgia Today
August 3, 2023
in Business & Economy, Highlights
Reading Time: 1 min read
Re-export of US, EU-imported cars to Russia, Belarus via Georgia banned

The re-export of cars imported from the US to Russia and Belarus was prohibited from the territory of Georgia from August 1 as per the sanctions imposed by the US and the European Union, the Revenue Service announced on Wednesday.

On top of that, the re-export of cars imported from the European Union to Russia and Belarus will be banned from September 26, as provided for by the 11th package of imposed sanctions against Russia, the Revenue Service added.

As part of the sanctions imposed on Russia to date, the export of cars worth more than 50,000 euros was limited to Russia, while the 11th package of sanctions applies to cars with an engine capacity of more than 1.9 liters, as well as electric and hybrid cars.

Tags: EU sanctions
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