interdependence poses risks, particularly

Russia’s share of Georgia’s total trade turnover fluctuated over the past three years, rising from 11.4 percent in 2021 to 13.1 percent in 2022 before declining to 11.2 percent in 2023. This increasing economic interdependence poses risks, particularly for Georgian manufacturers who face growing competition from Russian imports, which now constitute approximately 39 percent of Georgia’s total imports. Georgia’s dependency on Russian natural gas remains very low—Georgia mainly relies on natural gas from Azerbaijan since the 2006 South Caucasus Pipeline (or the Baku-Tbilisi-Erzurum Pipeline). While Georgia receives natural gas from Azerbaijan, Russian pricing mechanisms remain opaque, raising concerns about potential energy coercion. สล็อต