Alternative Market Briefing

Russia / Georgia Special - Bank of Georgia`s `up-to-date and unbiased version of news` on South Ossetia, George Friedman: Russians proved they can execute competent military operation and that the U.S. cannot intervene, Russia wants control over Georgia, which central location is used to transport oil and gas to Europe, Investors quit Russia after Georgia conflict, Oil firm above $121 on Russia tensions

Friday, August 22, 2008

Opalesque Exclusive: Bank of Georgia`s `up-to-date and unbiased version of news` on South Ossetia. From the Opalesque team: Bank of Georgia (BGEO LI) and its subsidiary Galt & Taggart Securities provided their clients and investors with the most up-to-date and unbiased version of news available on the conflict in Southern Ossetia in an email yesterday.

Events of 18-21 August:

In a telephone conversation with French President Nicolas Sarkozy, Russian President Medvedev promised that all but a 500-men contingent of Russian peacekeepers would leave Georgian soil by Friday August 22.
Over the weekend Russian soldiers attacked the civilian port of Poti, sinking Coast Guard ships and taking 20 police man assigned to guard the port hostage. The civilian owners of the port have announced plans to sue the Russian government for the attack.
US lawmakers are scheduled to vote on a US$ 1bn (roughly 8% of Georgia’s GDP) infrastructure aid package for Georgia.
International aid organizations like Human Rights Watch and an official report by a Russian investigative committee in South Ossetia put the number of South Ossetians killed in the conflict at 133 people, undermining Moscow’s original claims of Georgian genocide in the first days of the conflict and countering South Ossetian rebel claims that over 2,000 civilians had been killed.
Human Rights Watch has also alleged that Russian used cluster bombs aimed ......................
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