Georgian businessman Vasadze reported that his accounts had been blocked due to sanctions.

Georgian-Russian businessman Levan Vasadze stated that his accounts and those of his family members have been frozen by Georgian banks listed on the London Stock Exchange.

As reported by the Caucasian Knot, on September 19, the United Kingdom imposed sanctions against Vasadze, accusing him of supporting Russia's war against Ukraine and spreading disinformation narratives. The official statement noted that the measures were taken amid growing Russian influence in Georgia. Sanctions also affected the country's former Prosecutor General, Otar Partskhaladze (Romanov).

Businessman Levan Vasadze, who is under UK sanctions, published a letter that he said was sent to "conservative British friends" on September 20. Vasadze writes that after the British government imposed sanctions, "the Georgian banking system persecuted not only me but also my family members"—his accounts and those of his family members were frozen by Georgian banks listed on the London Stock Exchange, according to Georgia-Online.

According to Vasadze, TBC Bank blocked his own accounts, as well as those of his wife, son, and sister, while Bank of Georgia demanded the closure of all accounts of his wife's wine company. He denies being a politician or media mogul and says he has never spread pro-Russian disinformation. Vasadze believes London has been misled—"by those NGOs that work to finance organizations like George Soros and USAID, or these false accusations are simply being used to justify my persecution for some other reason unknown to me."

Vasadze writes that he is forced to initiate "legal protection procedures" in both Georgia and the UK, regardless of their outcome, according to Sova.

Levan Vasadze owns 13.6% of Pet Retail LLC (the primary legal entity of the Beethoven pet store chain). He is also the founder and CEO of the investment fund Prometheus Capital Partners (Prometheus Capital LLC). Vasadze is known in the Russian market as a top manager at AFK Sistema, where he worked since the late 1990s in various positions, including First Vice President and Strategy Director. In 2024 and 2025, Vasadze was nominated for the corporation's board of directors (Sistema did not disclose the results of the vote on the board's composition). In 2006-2007, he headed the insurer Rosno, Interfax reports.

As a reminder, on June 11, the United Kingdom announced the termination of funding for projects aimed at supporting the transparency and competitiveness of municipal elections in Georgia, due to new legislative regulations on foreign grants, adopted at the initiative of the Georgian Dream party.