The Sharp Increase in Russian Fuel Imports to Georgia – What Economic Impacts Could This Process Have?

At the beginning of 2025, Georgia saw a significant increase in oil imports, amounting to $202 million. Interestingly, this figure represents an 8% increase in value and a 19% increase in volume, indicating a dynamic upward trend in fuel imports. According to economic analysis, the primary driving factor behind this growth is the sharp increase in the volume of fuel purchased from Russia, which rose by 25%, reaching a total of $112.6 million.

It is also noteworthy that Bulgaria and Romania, both members of the European Union, occupy the second and third places in terms of oil imports to Georgia. Particularly notable is Bulgaria’s strengthened position, showing an annual growth rate of nearly double, increasing by 93%. At the same time, imports from Romania also grew, albeit at a slower pace of just 11%.

On the other hand, imports from Greece and Turkey have significantly decreased. Purchases from Greece fell by 56%, while those from Turkey decreased by 62%, pointing to structural changes in the market. Georgia has, to some extent, shifted its suppliers, focusing more on Russia and Bulgaria.

Another important aspect at the beginning of the year is the sharp increase in the volume of oil exports from Georgia, reaching $16 million, which is a 52% increase compared to the previous year. Interestingly, the largest portion of exported oil — 10,000 tons worth $5.9 million — was shipped to the Netherlands, a market where similar exports were not recorded last year. This fact once again confirms Georgia’s shifts in its energy and economic policies and its potential to enter new international markets.

Overall, the increase in oil purchases from Russia presents both economic opportunities and risks. While this growth allows consumers to reduce spending on energy resources, Georgia must exercise caution from both economic and political perspectives to ensure that its long-term energy security is not compromised.

Furthermore, the growth in cooperation with EU markets, especially with Bulgaria and Romania, allows Georgia to continue diversifying its energy market, which could become an additional stability factor for the country’s economic resilience.