Parliament of Abkhazia Postpones Consideration of Ratification of Investment Agreement with Russia

Tskhinvali, February 22, 2023 - The Parliament of Abkhazia has postponed the consideration of the ratification of the investment agreement with Russia. The agreement was signed in November 2022 and is worth $4 billion.

The agreement has been criticized by some in Abkhazia, who argue that it would give Russia too much control over the country's economy. The agreement would allow Russia to invest in a variety of sectors in Abkhazia, including energy, tourism, and agriculture.

The Parliament was scheduled to vote on the agreement on February 22, but the vote was postponed at the request of the government. The government said that it needed more time to study the agreement.

The postponement of the vote is a sign of the growing tensions between Abkhazia and Russia. Abkhazia is a breakaway region of Georgia that has been recognized by Russia, but not by the international community. Russia has a military presence in Abkhazia and has been providing financial support to the government.

The investment agreement is seen by some as a way for Russia to increase its control over Abkhazia. The agreement would give Russia the right to develop and operate infrastructure in Abkhazia, including ports, roads, and railways.

The government of Abkhazia has said that the investment agreement is necessary to develop the country's economy. The government has said that the agreement will create jobs and improve the standard of living for the people of Abkhazia.

The postponement of the vote on the investment agreement is a sign of the growing tensions between Abkhazia and Russia. The agreement is seen by some as a way for Russia to increase its control over Abkhazia, while the government of Abkhazia says that the agreement is necessary to develop the country's economy.