Georgia
Borjomi ceases production citing Ukraine war
IDS Borjomi Georgia has indefinitely ceased production, citing ‘difficulties’ brought about by the war in Ukraine. The company’s majority shareholder, Mikhail Fridman, a Russian oligarch, is currently facing Western sanctions. IDS Borjomi, one of the biggest names in the Georgian mineral water industry, announced the ‘temporary’ cessation of its operations as of Friday. In a statement, the company blamed disruptions in export markets as well as a lack of access to bank accounts. ‘The diff
