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Ivanishvili Transfers Assets to Georgia Following U.S. Sanctions
29 January 2025
The influential chairman of the Georgian Dream Party Bidzina Ivanishvili and his family members have been transferring their business assets from offshore entities to companies registered in Georgia, according to Transparency International. This follows the financial sanctions imposed on Ivanishvili by the U.S. Treasury Department on the 27th December of last year due to Ivanishvili's alleged efforts to undermine democratic processes in Georgia in favor of the Russia. A few days later, on December 31, 2024, Ivanishvili began transferring his companies from offshore zones to Georgia, Transparency International reported on Wednesday.