Transparency International Georgia has outlined the potential legal, financial and operational consequences facing pro-government broadcasters TV Imedi and POST TV following sanctions imposed by the United Kingdom.
The British government recently sanctioned the two media outlets, accusing them of involvement in spreading Russian disinformation. Transparency International Georgia stated that the sanctions are designed to halt the companies’ activities primarily through sweeping financial restrictions.
Financial system freeze and banking restrictions
The organization states that the most immediate consequence will be the freezing of the companies’ bank accounts and funds held in Georgian financial institutions.
Because Georgia’s banking sector is integrated into the Western financial system, local banks are expected to comply fully with UK sanctions in order to avoid secondary sanctions and reputational damage. As a result:
- All Georgian banks may refuse to provide services to the sanctioned companies.
- The broadcasters will be unable to receive income, including advertising revenue.
- They will not be able to pay employee salaries through bank transfers.
- Access to loans, credit lines and any new financing will be blocked.
- Utility payments and other essential business transactions will be severely restricted.
Transparency International Georgia also warns that businesses or state institutions providing advertising or other financial benefits to the sanctioned companies could face the risk of secondary sanctions.
Operational and legal consequences
Beyond financial limitations, the organization says the sanctions could significantly disrupt the broadcasters’ day-to-day operations.
As stated, Imedi and POST TV may:
- Lose licenses to broadcast Western entertainment programs and foreign TV series.
- Face reviews of broadcasting-related services.
- Be restricted in selling or renting property.
- Be unable to purchase or lease technical equipment.
- Encounter limitations in using social media platforms and paid advertising tools.
- Lose journalistic accreditation in Western countries.
The organization further notes that there could be grounds for investigations related to money laundering or tax compliance.
Impact on Employees
Transparency International Georgia also mentioned potential repercussions for employees of the sanctioned outlets. Staff members could face difficulties obtaining bank loans or even accessing standard banking services. The statement said that some employees may feel compelled to conceal their professional affiliation to avoid financial complications.
Risk of secondary sanctions
The NGO emphasized that any attempt to circumvent UK-imposed sanctions could trigger secondary sanctions. It stated that compliance is monitored by relevant UK authorities and that investigative journalists and international sanctions watchdog organizations are likely to scrutinize any individuals or companies assisting the sanctioned broadcasters.
Transparency International Georgia urged Georgian companies and individuals to refrain from providing funds, services or any other form of material support to the sanctioned media outlets, directly or indirectly, warning that failure to comply could expose them to serious international financial and legal consequences.
