Support The Moscow Times!

Putin Offers Abkhazia $24M Loan

Russia will lend 700 million rubles ($24 million) to Abkhazia's central bank, extending its policy of bankrolling the breakaway region of Georgia, Prime Minister Vladimir Putin said Friday.

The money will be lent on favorable conditions and comes after Moscow earmarked more than 10 billion rubles ($350 million) in cash to aid Abkhazia between 2010 and 2012, Putin said during talks with Abkhaz leader Sergei Bagapsh, RIA-Novosti reported.

With much of its territory in ruins since a vicious war with Georgia in the early 1990s, Abkhazia is heavily dependent on outside assistance. Moscow recognized the republic as independent following an August 2008 war that broke out after Georgia unsuccessfully tried to retake another rebel province, South Ossetia, by force.

At talks in Putin's Novo-Ogaryovo residence Friday, Putin said both sides have signed 34 agreements and were preparing another 30. Among the most important was a treaty about the stationing of Russian military bases that was signed in February, he said.

Also Friday, the State Duma ratified an agreement that allows Russia to guard the borders of both Abkhazia and South Ossetia, RIA-Novosti reported. The agreement was signed in the Kremlin in April 2009.

Russian authorities have approved a request from Georgia’s national airline, Airzena Georgian Airways, to operate charter flights to Moscow over the Easter holiday, Bloomberg reported Friday.

Airzena received permission to operate about six charter flights from Tbilisi starting April 1, Georgian Foreign Ministry spokeswoman Nino Giorgobiani said. Eastern Orthodox churches celebrate Easter on April 4 this year.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more