In today's resolution, we consider the European Parliament's call to impose sanctions on the President of the National Bank of Georgia, Natia Turnava, as a classic example of political pressure on the country's independent financial regulator, which is being carried out by certain local political forces, reads a statement issued by the National Bank of Georgia.

According to the statement, certain forces, in order to achieve subjective political interests, are trying to jeopardize the country's economic development and the stability of the financial sector.

"We are echoing the resolution adopted on Georgia today by the European Parliament, in which the European Parliament calls on the Council of the European Union and the Member States to impose sanctions on Georgian businessmen and high-ranking officials, including Natia Turnava, President of the National Bank of Georgia.

First of all, we would like to clarify to the public that the aforementioned resolution of the European Parliament (like other resolutions of this kind) is only of a recommendatory nature.

Nevertheless, we consider the call of the European Parliament in today's resolution to impose sanctions on the President of the National Bank of Georgia, Natia Turnava, to be a classic example of political pressure on the country's independent financial regulator, which is being carried out by certain local political forces. It is unfortunate that these forces, in order to achieve subjective political interests, are trying to jeopardize the country's economic development and the stability of the financial sector. Unfortunately, they have used the platform of the European Parliament to achieve these goals.

Despite numerous attempts, Georgia's economic fundamentals remain stable, inflation is below target, and economic growth is strong. The monetary policy of the NBG has been highly praised by a number of international organizations. It is noteworthy that the Georgian financial system is healthy and transparent under the supervision and support of the regulator. Banks unwaveringly adhere to high standards in the fight against money laundering and sanctions. Also, the efforts of the NBG in terms of harmonizing the financial system and legislation with European regulations receive a permanent positive assessment.

Accordingly, all attempts to put pressure on the independent financial regulator, as well as discredit the NBG or the banking sector, are unacceptable and contradict internationally recognized standards.

The National Bank of Georgia, as an independent and sustainable institution, will continue to firmly take care of prices and financial stability in the country, within the framework of the mandate imposed by the country's constitution and laws”, - reads the statement.