Irakli Kobakhidze says that the direct mention of Credit Suisse in the sanctions document shows that the Credit Suisse dispute in reality was not a business issue, but a pure political one  

US Imposes Sanctions on Bidzina Ivanishvili, Honorary Chairman of Georgian Dream

The US has imposed sanctions on Bidzina Ivanishvili, Honorary Chairman of the Georgian Dream. Prime Minister Irakli Kobakhidze commented on the issue.

According to Kobakhidze, the case against Credit Suisse was never a commercial dispute. Instead, it was a purely political issue. He explained that the case began in 2008 when Bidzina Ivanishvili stopped communicating with Mikheil Saakashvili.

Kobakhidze said that Credit Suisse’s management was under pressure from politicians. This led to the bank handling the dispute in a way that damaged its reputation and caused significant financial losses. The bank’s shares have lost value by 100 times since 2008, according to Kobakhidze.

The Credit Suisse case is now directly mentioned in the sanctions document. This confirms that the issue was not commercial, but rather a result of political pressure on the bank’s management.