Russia Pledges to Boost Financial ‘Assistance’ to Abkhazia, Tskhinvali

The Russian Federation has signed “bilateral agreements” with Abkhazia and Tskhinvali Region/South Ossetia pledging to “increase budget investments and boost investment activities” in Georgia’s occupied regions.

The agreements were signed on May 12 by Russia’s First Deputy Minister of Economic Development Mikhail Babich, Abkhaz envoy Igor Akhba and Tskhinvali envoy Znaur Gassiev, according to a statement released by the Russian government.

Russia allocated funds to finance construction of new infrastructure aimed at “the socio-economic development” of Kremlin-backed Abkhazia and Tskhinvali region in the fields of culture, education, healthcare and public administration.

“New bilateral agreements are another step forward to further development of the legal framework of  Russia’s cooperation with [Abkhaz and Tskhinvali authorities],” Babich noted, adding that Russia’s assistance would “raise living standards” of two regions’ residents.

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