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Monday, 24 October 2016


Expert: Moscow stakes not on opposition but on bankruptcy of Georgia

2010-05-24 12:07

Many got a wrong impression Moscow stakes on Georgian opposition whereas it's actually waiting for Georgia's bankruptcy, stated Alexander Krylov, doctor of historical sciences, member of Institute of World Economy and International Relations of the Russian Academy of Sciences, at the Caucasus 2009 international conference in Yerevan on May 22nd - Regnum.


"Opposition isn't strong enough to achieve much, and the government has enough power to suppress protests," he noted.

Krylov explained that to 2013 the foreign debt of Georgia will reach USD 458 mln, and on 2011 Georgia must start paying its debts. The Wests's aid is more loans then grants. Georgia will fail to find the necessary sum and will run bankrupt. "Kremlin is counting on this. They wait till the apple falls in their hands," he noted.

Previously Nodar Javakhishvili, the ex-President of the National Bank of Georgia, analyzed the foreign debt of the country and came to conclusion the government is paying with state property. Georgia owns to Russia [its "number one enemy"] GEL 206 mln [appr. USD 123 mln]; more only to Germany.

Javakhishvili noted that in case the country fails to pay the debt in time, the creditor has the right for its property or territories. In this way Russian Itera company received the gas-distributing network of Georgia. There are reasons to think the same scheme will be used for passing Inguri hydro power station to Russian energy specialists.


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