The controversial “Foreign Agents” Bill was approved by the Georgian Parliament today, with a vote of 84-30, sparking mass protests in Tbilisi. Many Western officials claim the bill, alleged to be Russian-inspired, could hinder Georgia’s efforts to join organizations like the European Union and NATO. The bill mandates that any organization or company in Georgia receiving more than 20% of its funding from foreign sources must register as “pursuing the interests of a foreign power.”
Georgia’s parliament has passed a controversial “foreign agents” bill despite widespread domestic opposition and warnings from the European Union that its enactment would imperil the country’s chances of joining the bloc.
The new law will require organizations receiving more than 20% of their funding from abroad to register as “agents of foreign influence” or face crippling fines. Opponents say that the legislation was modeled after similar laws in Russia that the Kremlin has used to increasingly snuff out opposition and civil society.
Many Georgians fear their foreign agents bill will be used the same way in their country. Nightly protests have shut down Tbilisi, the capital, for about a month.
Georgian Dream, the ruling party that pushed through the legislation, has hit back at criticism, saying the move will promote transparency and national sovereignty.
Stay tuned for updates on this evolving story.
Stay informed with our financial updates, stocks, bonds, commodities. Get global & political insights. Follow us & enable notifications for the latest updates.