Skip to Content Facebook Feature Image

Georgia does not accept "blackmail" over EU accession issue: PM

HotTV

HotTV

HotTV

Georgia does not accept "blackmail" over EU accession issue: PM

2025-11-08 15:03 Last Updated At:17:51

Georgian Prime Minister Irakli Kobakhidze has criticized attempts to manipulate Georgia's European integration process, calling such tactics a form of "blackmail" against his country and people.

Kobakhidze came to China to attend the 8th China International Import Expo (CIIE), running from Nov. 5 to 10 in Shanghai.

In an interview with China Media Group on Wednesday, Kobakhidze recounted the long and arduous journey Georgia had undertaken to secure EU candidate status.

"We cannot allow some forces to use European integration issue as a blackmail tool against Georgia and against Georgian people. In 2022, we applied for the candidate status in the European Union and our application has been rejected, and it took one year and a half for us to finally get the candidate status. We had to fight for it. And also this candidate status was used for the blackmail," said Kobakhidze.

"And later, they started blackmailing us with the accession talks issue -- opening the accession talks with the European Union, which is not fine because it was finally creating the turbulence also domestically in Georgia. We have, of course, still our goal to become a full-fledged member of the European Union. But we want to continue on that path only in accordance with the rules and in accordance to the principle of fairness. So, that's our general approach," he said.

In November last year, Kobakhidze, backed by the Georgian parliament, put off the nation's EU accession talks for four years, citing "blackmail and manipulation" by European politicians. He said that Georgia would not pursue negotiations or accept EU grants until 2028.

Georgia does not accept "blackmail" over EU accession issue: PM

Georgia does not accept "blackmail" over EU accession issue: PM

China's financial authorities have released regulations to optimize fund management requirements for domestic companies listed overseas.

The regulations, effective from April 1, 2026, were jointly released by the People's Bank of China and the State Administration of Foreign Exchange to further improve the convenience of cross-border financing.

The new regulations align the management standards for funds in both domestic and foreign currencies. Proceeds from overseas listings, share reductions or transfers can be repatriated in either foreign currency or Chinese currency renminbi, simplifying their utilization.

Regarding the full circulation of H-shares, the new regulations allow listed companies to pay dividends to domestic shareholders in renminbi in China, streamlining the distribution process.

Regulated by Chinese law, H-shares are shares of enterprises incorporated in the Chinese mainland that are listed on the HKEX.

The new regulations also simplify procedures for listing registrations, share increases and decreases, buybacks, delistings, fund transfers and account usage, improving operational efficiency for businesses and better supporting their overseas expansion and the growth of the real economy.

China releases rules for management of funds related to domestic firms' overseas listings

China releases rules for management of funds related to domestic firms' overseas listings

Recommended Articles