Tbilvino, one of the largest producers and exporters of Georgian wine, has made a strategic decision to suspend economic activity in Russia. It should be noted that the Russian market has so far accounted for 21% of the company’s annual sales.<\/p>\n
\u00a0<\/strong>\u201cRecent events and subsequent global pressure on the Russian economic system have a major impact on business expectations, long-term prospects and, in general, will also bring about a major change in the logistics chain. At the same time, imposed sanctions on the Russian banking and financial system and currency devaluation process would further exasperate transactions. Since the beginning of the military conflict in Ukraine, we have been thoroughly examining all the risks or changes, including the reputational risks, that may affect our commercial situation in this respect.\u201d \u2013 says Zura Margvelashvili, Founder of Tbilvino.<\/strong><\/p>\n Since the beginning of the conflict, Tbilvino has been in regular contact with partners in Ukraine to obtain firsthand information about the humanitarian needs and address them in an urgent manner. The company shipped humanitarian cargo to Ukrainian partners in the first week of the war.<\/p>\n