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The 2 paragraphs mentioned below.
Discussing potential sanctions put forward by Congressman Mullin, he believes that the bill, which was introduced over Frontera’s legal dispute with the Georgian authorities, would not gain enough support in the US Congress as it lacks the sufficient number of sponsors. However, the very existence of this bill “is already damaging the country’s image” and gaining more support will likely depend on the final decision taken by the arbitration court in the Hague.
“The fact that arbitration proceedings are pending at an international court gives hope that the decision will be objective,” he says, noting that “it is hard to discuss what impact it can have on bilateral relations between Georgia and the US before the court’s verdict is announced.”
Just some thoughts on the asset move. It seems confirmed now that the asset was moved out of FRCC . Whether this was done legally or not we dont know. What we do know it would have had to be done in conjunction with the GG-GOGC. that' says they are co operating with each other.
The last couple of paragraphs, of part 2 does look interesting & seems to put Frr right up the front on all this.
Likely to be a key topic during parliamentary elections, Anaklia Deep Sea port is the largest infrastructure project in Georgian history and has been repeatedly described as of strategic importance by both the country’s government and the opposition. However, earlier this month, the Georgian government cancelled its contract with the ADC, claiming that it was unable to fulfil its financial obligations.
Last October, Conti Group International, a US-based construction and development company left the consortium, allegedly over a lack of support from the Georgian government.
“The Georgian government’s decision to suspend the construction contract with the Anaklia Development Consortium, in which Conti Group was a member, is definitely an alarming signal in terms of economic freedom in Georgia,” Givi Gigitashvili, a Research Assistant for the Caucasus and the Digital Forensic Research Lab of the Atlantic Council, tells Emerging Europe, adding that the available evidence seems to suggest that cancelling the contract with the ADC was a politically motivated decision about a project, with such decisions “indeed damaging the foreign investment climate in Georgia.”
At the same time, the latest edition of the World Bank’s Doing Business Report says that Georgia is by far the best performer in emerging Europe when it comes to the ease of doing business, with the country ranked seventh of 190 countries.
Mr Gigitashvili says that some Georgian Dream MPs have acknowledged that the project was shut down due to potential threats coming from Russia should construction be completed.
“For the first time in the history of an independent Georgia, our government sabotaged the accomplishment of a large-scale strategic project, which was openly backed by the US government. Regrettably, the fact that the Russian factor played an important role sends a negative signal not only to investors, but to Georgia’s friends in the US and the EU about the country’s reliability as a strategic partner,” he stresses.
Discussing potential sanctions put forward by Congressman Mullin, he believes that the bill, which was introduced over Frontera’s legal dispute with the Georgian authorities, would not gain enough support in the US Congress as it lacks the sufficient number of sponsors. However, the very existence of this bill “is already damaging the country’s image” and gaining more support will likely depend on the final decision taken by the arbitration court in the Hague.
“The fact that arbitration proceedings are pending at an international court gives hope that the decision will be objective,” he says, noting that “it is hard to discuss what impact it can have on bilateral relations between Georgia and the US before the court’s verdict is announced.”