The Russian move is another blow to Georgia's economy just as intense diplomatic efforts by the European Union and Washington appeared to have succeeded in winning Russia's commitment to a pull-out. The conflict first blew up on Aug. 7, when Georgia attacked its breakaway region of South Ossetia, triggering a massive Russian counterattack. Russian forces have since occupied all of South Ossetia as well as areas deep into Georgian territory.
Poti Sea Port Corp is 51% owned by the investment authority of Ras Al Khaimah, one of the United Arab Emirates. It is Georgia's busiest port and a key gateway for the region, last year handling eight million tons of cargo.
It appears that Russia is going to make Georgia pay for its invasion of South Ossetia economically as well as geopolitically.