Telasi says it is continuing normal operations following the European Union’s decision to sanction Russian energy company Inter RAO, the electricity distributor’s indirect majority owner.

The EU added PJSC Inter RAO UES to its sanctions list under Council Implementing Regulation (EU) 2026/1843, adopted on 23 July 2026.

Telasi told BM.GE that it would continue working in accordance with Georgian legislation. The company did not provide a broader legal assessment of how the sanctions could affect its financial or international operations.

Telasi itself is not on the sanctions list

The National Bank of Georgia said Inter RAO is Telasi’s indirect owner, but Telasi itself has not been placed on the EU sanctions list.

The central bank also described Telasi as a provider of critical services whose uninterrupted operation is necessary for the population and the economy.

According to the National Bank’s statement, Georgian banks will continue providing Telasi with services in the national currency. Banks must still consider applicable sanctions requirements, National Bank regulations, their internal policies and their individual risk assessments.

Electricity distribution continues in Tbilisi

Telasi operates the electricity-distribution network in Tbilisi and is one of Georgia’s largest electricity-network companies. Its responsibilities include operating, maintaining, reconstructing and expanding the capital’s distribution infrastructure.

The company’s statement indicates that the sanctions have not interrupted its current domestic operations.

However, the available public explanations focus mainly on services in Georgian lari. They do not yet provide a complete assessment of possible implications for foreign-currency transactions, relationships with European financial institutions or dealings with international suppliers.

BM.GE reported that it had requested further clarification from EU representatives regarding the application of sanctions rules to Inter RAO-controlled companies outside Russia.

For Georgia’s electricity sector, the immediate issue is the continuity of distribution services in the capital. Further legal or financial implications will depend on how the sanctions are applied to specific transactions and corporate relationships.

This article is based on statements by Telasi and the National Bank of Georgia reported by BM.GE, together with the relevant EU sanctions regulation and Telasi’s official company information.