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13:55, 17 September 2025

The Georgian Ministry of Finance reported full repayment of its debt to Russia.

Among the seven countries to which Georgia has repaid its debts are Armenia and Azerbaijan.

As reported by the "Caucasian Knot," the United States suspended direct aid to Georgia in the amount of $95 million. Suspending aid is a bad signal to investors; in the long term, it could negatively impact the country's financial situation, analysts noted.

Georgia has fully repaid its debt to Russia, which it had incurred for several years, according to data published by the country's Ministry of Finance. External debt to Russia fell to $3.9 million in February and remained at that level until August 31 – according to data as of that day, the "Russia" column is blank.

Tbilisi also repaid its debt to Azerbaijan, Armenia, Turkey, Kazakhstan, Iran, and the Netherlands.

As of August, Georgia's total external public debt was $9.1 billion, up 1.1% from August 2024. Compared to July 2025, the figure increased by 0.6%, according to the Georgian portal Business Insider. Among all creditors, France has the largest debt — $850.9 million. The largest creditors include the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Investment Bank, and the International Bank for Reconstruction and Development.

Note that information on the country's external debt since 2003 is available on the website of the Georgian Ministry of Finance. At that time, Georgia's total public debt was $1.56 billion, of which $156.9 million was owed to Russia. In subsequent years, Georgia's debt to Russia gradually decreased, reaching $100.4 million by 2013. By the end of 2018, the debt had fallen to $61.4 million, and by the end of 2022, to $25.4 million.

According to the BMG agency, Georgia's external debt accumulated during the first years of independence and was restructured in July 2004 in accordance with an agreement signed between Georgia's creditors and the Paris Club. The total amount of these funds comprised $160 million borrowed by Georgia before 1999, interest accrued on debts from 1999 to May 2004, and debts that were due between 2004 and 2006. The total amount exceeded $225 million.

Translated automatically via Google translate from https://www.kavkaz-uzel.eu/articles/415485

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