Russia sent Georgia 5 million dollars in August — down 88%, and out of the top ten for the first time

Georgia took in roughly 295 million dollars in transfers from abroad during August 2026, about 8% less than in August a year earlier. The United States led with 64.14 million, up 8.17%, followed by Italy at 55.22 million and Germany at 31.31 million. Greece sent 28.24 million, up 12.40%, and Israel 27.92 million, up 24.88% and the fastest riser in the top ten. Turkey, Spain, the United Kingdom and France all grew as well; Kazakhstan was the only country in the ten to fall, down 9.74% to 8.04 million.

Russia transferred about 5 million dollars, an 88% fall from August 2025, and dropped from what had historically been third place to eleventh — its first time outside the top ten. Two developments are cited: a new package of European Union sanctions against Russia, and the suspension in July of transfers to Georgia by the Russian payment system Zolotaya Korona. Whatever weight each carries, the practical effect is the same — a channel that used to move meaningful money into the country has largely closed.

Transfers from abroad are one of the things that supports household spending power in Georgia, and household spending power is what sits underneath domestic rents and domestic buying. A month in which the overall figure falls 8% while the European and American sources grow is not a simple contraction; it is a change in who the money is coming from. Flows from the EU and the US are attached to Georgians working in stable labour markets, which tends to make them steadier than flows tied to a single payment system that can be switched off in a month.

One month is one month, and a remittance figure is not a property market indicator. What it does give you is a direction of travel on where Georgia's inbound money originates, which is worth watching over a few quarters rather than reacting to. The monthly series is published by the central bank, so anyone modelling demand can check the trend themselves rather than relying on a single month's headline.