Page 24 - GEORptAug18

5.1.4 Gross international reserves
Gross international reserves in Georgia amounted to USD3,005.13mn in June, slight down from USD3,015.68mn in May, according to the National Bank of Georgia. Of which, foreign currency reserves made up the majority at USD2,801.35mn in June.
5.2 FTA
Georgia, Russia reportedly to create new trade corridors
Georgia and Russia are working on an agreement to create three trade corridors to facilitate trade between the two countries, Georgia Today has reported. Russia remains one of Georgia’s major trading partners despite the brief war between the two countries over the breakaway Georgian region of South Ossetia that took place in 2008. Russia gives economic and military support to both South Ossetia and another separatist Georgian region, Abkhazia.
The issue of trade was discussed at a meeting between Russian Deputy Foreign Minister Grigory Karasin and the Georgian prime minister’s special representative to Russia, Zurab Abashidze, in Prague on May 24, according to a statement from the Russian foreign ministry.
24 GEORGIA Country Report August 2018 www.intellinews.com