Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Putin promises continued electricity supplies in meeting with breakaway Abkhazia's leader
    Headlines

    Putin promises continued electricity supplies in meeting with breakaway Abkhazia's leader

    Published by Global Banking & Finance Review®

    Posted on March 5, 2025

    2 min read

    Last updated: January 25, 2026

    Putin promises continued electricity supplies in meeting with breakaway Abkhazia's leader - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Presidentfinancial communityCryptocurrenciessustainability

    Quick Summary

    Putin promises to continue electricity support to Abkhazia amid its energy crisis, reinforcing Russia-Abkhazia ties.

    Putin Vows Ongoing Electricity Support for Abkhazia Amid Crisis

    (Reuters) - Russian President Vladimir Putin said Russia would continue supplying electricity to the breakaway Georgian region of Abkhazia at a meeting in the Kremlin on Wednesday with its leader Badra Gunba.

    Putin congratulated Gunba on his victory in a presidential election at the weekend, describing Russia-Abkhazia relations as "special". The election was held months after Gunba's predecessor was driven from office following protests over an investment deal with Russia.

    Most countries recognise Abkhazia as part of Georgia, which called the election "another flagrant violation of Georgia's sovereignty and territorial integrity".

    Abkhazia has in recent months been plagued by an electricity crisis, with blackouts blamed on low water levels at a key hydroelectric plant and large-scale cryptocurrency mining, which requires large amounts of energy.

    In a televised meeting at the Kremlin, Putin agreed to maintain Russian electricity supplies to Abkhazia until mid-April to help the country to overcome its severe energy deficit.

    Additionally, Putin agreed to continue granting Russian citizenship to Abkhazians. According to Gunba, around 70% of the Abkhazian population already hold Russian passports.

    A lush, Black Sea coastal territory of about 240,000 people, Abkhazia broke away from Georgia after a war in the early 1990s, with the support of Russia.

    Moscow recognised Abkhazia as independent after another war in 2008. Tens of thousands of ethnic Georgians were expelled from the region in successive conflicts.

    Though the territory is politically and economically dependent on Russia, some Abkhazians have been critical of what they see as Moscow's growing influence.

    (Reporting by Maxim Rodionov; Editing by Alexander Marrow and)

    Key Takeaways

    • •Putin pledges continued electricity supply to Abkhazia.
    • •Abkhazia faces an electricity crisis due to low water levels and crypto mining.
    • •Russia-Abkhazia relations described as 'special' by Putin.
    • •Most countries view Abkhazia as part of Georgia.
    • •Putin agrees to continue granting Russian citizenship to Abkhazians.

    Frequently Asked Questions about Putin promises continued electricity supplies in meeting with breakaway Abkhazia's leader

    1What did Putin promise regarding electricity supplies to Abkhazia?

    Putin promised that Russia would continue supplying electricity to Abkhazia until mid-April to help the region overcome its severe energy deficit.

    2How does Georgia view the recent presidential election in Abkhazia?

    Georgia called the election a flagrant violation of its sovereignty and territorial integrity, as most countries recognize Abkhazia as part of Georgia.

    3What are the causes of the electricity crisis in Abkhazia?

    The electricity crisis in Abkhazia has been attributed to low water levels at a key hydroelectric plant and large-scale cryptocurrency mining, which requires significant energy.

    4What percentage of Abkhazians hold Russian citizenship?

    According to Gunba, around 70% of the Abkhazian population already hold Russian passports.

    5What is the historical context of Abkhazia's independence?

    Abkhazia broke away from Georgia after a war in the early 1990s, with the support of Russia, which recognized its independence after another war in 2008.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    View All Headlines Posts
    Previous Headlines PostSoccer-UK countries to make joint bid to host 2035 women's World Cup
    Next Headlines PostClashes break out in Greece after rally outside parliament over deadly 2023 train crash