Russia encourages investment in Georgia’s breakaway regions
- 16 July, 06:32
Moscow has encouraged investors to consider investing in Georgia’s Russian-backed separatist Abkhazia and South Ossetia regions.
Addressing an Investment Forum in Chechnya Republic’s capital Grozny on July 15, Russian Deputy Economic Development Minister Dmitry Volvach encouraged the forum attendees to visit their booths and engage with their delegations.
"We are doing a lot together so that the investment potential and the industrial and economic growth of the states will increase, along with the entire Greater Caucasus, along with all of Russia," Volvach said. Furthermore, the deputy minister expressed confidence that many of the Forum participants would be interested in investing in these republics and assured investors of full support, including administrative, legal, organizational and, if necessary, financial assistance.
Abkhazia and South Ossetia are Georgia’s separatist regions that are recognized by most of the international community as part of Georgia while Russia, Venezuela, Nicaragua, Nauru, and Syria regard them as independent. South Ossetia, autonomous republic in Georgia that declared independence in 2008.
