The company does not have the ability to receive foreign exchange earnings and settle with creditors.
IDS Borjomi Georgia, which produces mineral water « Borjomi “, stops production due to sanctions against Russia. This was reported by the Russian media.
The company said that the difficult situation in major markets has been exacerbated by limited access to bank accounts. As a result, it lost the opportunity to receive foreign exchange earnings and settle with creditors.
From April 29, the company will stop production at two plants. IDS Borjomi has expressed hope that it will be restored.
The Borjomi brand has been owned by Russia's Alfa Group since 2013. Alfa-Bank came under EU sanctions in February. Georgia has not joined the sanctions against Russia.
Read also: Transport sanctions against Russia have been narrowed exclusively to “maritime” restrictions
We will remind, earlier ZN.UA publishes proposals by the Ermak-McFaul Working Group on Western sanctions. About what the document provides, and what in it, unfortunately, do not read in the material of Julia Samaeva, editor of the Department of Economics ZN.UA – “Plan to strengthen sanctions against Russia. Ukrainian version”.
