**Georgian Dream Leader to Sue Swiss Bank**
The honorary chairman of Georgia‘s ruling party, Bidzina Ivanishvili, is planning to sue a Swiss bank for “political blackmail”.
According to his lawyer, Lasha Kalandadze, Julius Baer has been threatening to close Ivanishvili’s personal bank account due to his political activity. The bank claims that US sanctions apply to Ivanishvili’s accounts.
However, Kalandadze says the bank is using this as an excuse for “political blackmail”. He claims that Julius Baer is trying to punish Ivanishvili and destroy the reputation of another bank.
A new civil lawsuit will be filed in Switzerland against Credit Suisse. The lawsuit seeks compensation for amounts not covered by previous disputes in Singapore and Bermuda.
**Background**
Bidzina Ivanishvili was recently designated under US sanctions for his role in eroding democratic institutions in Georgia.
The US Secretary of State, Antony Blinken, said that Ivanishvili’s actions have “derailed Georgia’s Euro-Atlantic future”.
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