The British Embassy in Georgia has published detailed information about three companies registered on Georgian territory that have been included in the UK’s new large-scale sanctions package. According to the diplomatic mission, these commercial entities actively used international cryptocurrency exchanges to circumvent restrictions imposed against Russia, with the total volume of their transactions with sanctioned organizations amounting to at least 70 million dollars, as reported by BM.
In an official statement, the British side emphasized that the new strict measures introduced by London are directly aimed at cryptocurrency platforms and the so-called “A7 network.” Russia uses this infrastructure to bypass international restrictions and covertly finance military operations against Ukraine.
The expansion of the sanctions list by the UK government took place on May 26, 2026, when financial structures and crypto market players involved in illicit schemes supplying the Kremlin were added to the list, including three Georgian companies — Arvix LLC, Rapira Group LLC, and Aifory LLC.
According to detailed registration data of these companies cited by Salome Zaalishvili, Arvix LLC was established on October 26, 2023. Its manager and sole legal owner in the business registry is listed as Tamaz Garaev.
The second company, Rapira Group LLC, was officially registered on November 9, 2022, and is currently in the process of liquidation. Notably, the notice of closure was recorded in the trade register quite recently — on May 13 — and the owner and official liquidator of the company is a UK citizen, Ilias Akhaev.
The last organization on the list, Aifory LLC, has been operating since June 23, 2023. According to commercial registry extracts, the position of director and 100% of its shares fully belong to Mikael Gevorkyan.
