Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

EU criticises Georgian foreign agent bill, Kremlin defends it

Published 04/04/2024, 12:53
Updated 04/04/2024, 13:20
© Reuters. People take part in a protest demanding the government formally denounce the "foreign agents" bill, outside the parliament building in Tbilisi, Georgia March 9, 2023. REUTERS/Irakli Gedenidze/ File photo

By Felix Light

TBILISI (Reuters) - The European Union on Thursday criticised the Georgian government for resurrecting a bill on "foreign agents" that it abandoned amid protests last year, while the Kremlin defended the legislation.

The bill would require organisations receiving more than 20% of their funding from overseas to register as "pursuing the interests of a foreign power".

Georgia's ruling party said on Wednesday it would reintroduce the legislation after abandoning an earlier attempt to introduce the law in March 2023 amid violent protests by critics who compared it to Russian laws used to crack down on dissent.

The European Union, which granted Georgia candidate membership status in December but said progress would be subject to further reforms, said it "regrets" the decision to re-introduce the bill. It raised "serious concerns", the EU said in a statement.

The bill's Georgian critics have labelled it a "Russian law", a potent charge in a country where Russia is broadly disliked for its role in supporting the breakaway regions of Abkhazia and South Ossetia.

Kremlin spokesman Dmitry Peskov told reporters that critics of the draft law "need to more actively explain the absurdity of considering this a Russian project".

Peskov added that Russia wants "stability and predictability" in Georgia, and defended the proposed law, saying: "No state wants interference from other countries in domestic politics; this is normal practice."

Though Russia and Georgia have fought a series of wars over the separatist regions since the 1990s, and have no diplomatic relations, Tbilisi has deepened ties with Moscow since the beginning of the conflict in Ukraine.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Both Western and domestic critics have accused Tbilisi's Georgian Dream governing bloc of authoritarian tendencies and excessive closeness to Russia, even though it says it wants Georgia to join the EU and NATO.

Opposition parties and activists in Georgia have said that any attempt to move forward with the bill will prompt mass protests, similar to those that forced its withdrawal in March 2023.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.