Money transfers from Russia to Georgia plunge 88%, dropping from third to 11th place
Russia-Georgia money transfers drop
The volume of money transfers from Russia to Georgia fell sharply in August, with just $5m transferred – almost 88% less than in August 2025. Russia dropped from third to 11th place in the ranking of countries sending money to Georgia.
According to the National Bank of Georgia, around $295m was transferred to the country from abroad in August 2026, about 8% less than in the same period in 2025.
The most significant change amid the overall decline was in transfers from Russia.
For the first time, Russia, which for years had been one of the main sources of money transfers to Georgia, did not even make the top 10.
The changes followed the introduction of a new package of European Union sanctions against Russia.
In late July, the Russian payment and money transfer system Zolotaya Korona suspended money transfers to Georgia.
In August, Georgia received the largest amount of money from the United States, at more than $64m, followed by Italy and Germany. Transfers from these countries, by contrast, increased year on year.
Greece and Israel also remain important sources of money transfers, further indicating that the geography of transfers to Georgia is gradually changing, while Russia’s share is rapidly declining.
Countries from which Georgia received the largest amounts of money in August 2026:
United States — $64.14m (+8.17%)
Italy — $55.22m (+3.48%)
Germany — $31.31m (+6.84%)
Greece — $28.24m (+12.40%)
Israel — $27.92m (+24.88%)
Turkey — $10.56m (+11.88%)
Spain — $10.26m (+11.35%)
Kazakhstan — $8.04m (-9.74%)
United Kingdom — $7.29m (+13.02%)
France — $6.91m (+2.86%)
The National Bank also said that around $34m was transferred from Georgia abroad in August, down from the same period in 2025.
