The Impact of the Russia–Ukraine War on Georgia’s Financial System (2022–2025)
DOI:
https://doi.org/10.52340/gs.2026.08.02.58Keywords:
financial stability, foreign exchange inflows, remittances, banking sector, inflation, monetary policyAbstract
The article presents a comprehensive analysis of the impact of the Russo–Ukrainiane War on Georgia’s financial system. The study is based on macroeconomic and financial data from 2022–2025. It examines the dynamics of economic growth, the factors contributing to the appreciation of the Georgian lari, the increase in remittances, the profitability of the banking sector, inflationary pressures, and the response of monetary policy.
The paper concludes that Georgia’s financial stability during 2022–2025 was largely driven by temporary external inflows, which, in the long term, create risks of increased economic concentration and heightened geopolitical vulnerabilities.
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