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EN
Georgia’s energy sector is leaking money — into Russian coffers
['Helena Bedwell', 'Oc Media', 'Helena Bedwell Is A Veteran Journalist Of Years', 'Splitting Her Time Between Norfolk', 'Uk', 'Tbilisi', 'Georgia. She Mainly Focuses On Financial Stories', 'The Government', 'The Economy', 'Lifestyle']
OC Media
Strategic energy projects remain stalled or abandoned with millions instead going to pay arbitration disputes led by Russia and Turkey.
Inter RAO initiated arbitration in 2017, claiming $200 million in losses — a claim the tribunals largely upheld.
Russian President Vladimir Putin (right) listens to Boris Kovalchuk (left), chair of the Management Board of Inter RAO during their meeting at the Novo-Ogaryovo State residence outside Moscow in February 2024.
‘The Inter RAO case is finalised and not subject to appeal.
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