Georgia's National Bank Says More Than $2 Billion Was Transferred From Russia Last Year

More than $2 billion was transferred from Russia to Georgia last year as Moscow's invasion of Ukraine in February prompted some 112,000 Russians to relocate to the Caucasus country, giving an unexpected boost to its economy. Georgia's Central Bank says that, in May alone, it received $314 million -- ten times more than in the first three months of 2022. The peak was in December, when Georgia received more than $317 million after a second wave of Russians moved there following Moscow declaration of a partial mobilization in September. Georgia's gross domestic product grew by 10 percent from January to November, official figures show. To read the original story by RFE/RL's Echo of the Caucasus, click here.