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UPDATE: Three NBG Vice-Presidents, Advisor Resign

Three out of four NBG Vice Presidents, Papuna Lezhava, Archil Mestvrishvili, and Nikoloz Gagua filed for resignation today. Giorgi Bakradze, an Advisor to the NBG President, has also tendered his resignation.

Their move follows the National Bank’s contentious decision to shield the Georgian citizens from international sanctions until the Georgian court rules upon the matter.

“I cannot be a part of a decision that I neither have influence over nor agree with,” Mestvrishvili was quoted by, a business news portal.

The NBG’s move has been widely perceived as an attempt to shield Otar Partskhaladze, the former Prosecutor-General of Georgia sanctioned by the U.S. Treasury Department for collaborating with FSB and channeling Russian influence.

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