Magticom has released a statement regarding the sanctions imposed by the UK on February 24, 2026.
Magticom states that the issue should be considered in the context of the Georgian Broadcasting Law and the UK legislation (Russia (Sanctions) (EU Exit) Regulations 2019).
“Main content of the sanctions imposed:
Regime name: The Russia (Sanctions) (EU Exit) Regulations 2019 Sanctions imposed: Asset freeze, Trust Services Sanctions, Director Disqualification Sanction
UK statement of reasons: The Secretary of State considers that there are reasonable grounds to suspect that IMEDI TV is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following ground: it spreads and has spread deliberately misleading information concerning Russia’s full-scale invasion of Ukraine to its audiences, which are predominately located in Georgia, which provides support for or promotes a policy or action which destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty or independence of Ukraine. In particular, it regularly disseminates content that the Ukrainian Government and President Zelensky are illegitimate, Ukraine is a “puppet” of the West, Ukraine is a corrupt country and that Ukraine and the West are seeking to destabilise Georgia.
Who is subject to sanctions regulations?
If you are engaged in any activity that involves transactions, financial services, trade, provision of professional services, or insurance, you may be dealing with sanctioned individuals or entities, or with sanctioned goods and services.
The sanctions regulations apply to:
Any individual, business or organisation located or undertaking activities anywhere in the UK (including the territorial sea)
Any business or organisation incorporated or constituted under the law of any part of the UK
Any UK individual, business or organisation outside of the UK
Who is subject to financial sanctions?
UK financial sanctions apply to all persons within the UK and its territorial waters, as well as to all British persons wherever they are in the world. This means that:
All individuals and legal entities present or carrying out business in the United Kingdom are subject to UK financial sanctions
All UK nationals and legal entities incorporated under UK law, including their branches, are also subject to UK financial sanctions, regardless of where their business is carried on
Effect of director disqualification sanctions
Unless a licence has been issued or there is an exception in place, individuals who are subject to director disqualification sanctions are banned directly or indirectly from:
being a director of a UK company
being a director of a foreign company that has sufficient connection to the UK, even if it is not registered in the United Kingdom. For example, if it carries out business or has assets in the United Kingdom
taking part in or being concerned in the promotion, formation or management of a company
Anyone contravening a director disqualification sanction is committing a criminal offence.
Article 401 of the Georgian Law on Broadcasting regulates relations related to the transit of broadcasting, for example, its first paragraph:
The Public Broadcaster, a community broadcaster, a general over-the-air and/or satellite broadcaster authorised under this Law, which broadcast within the service area of a person authorised to transit broadcasting (for the purposes of this article, the broadcasting area for a satellite broadcaster is the entire territory of the country), as well as an authorised general over-the-air broadcaster,
the broadcasting of which is available to at least 20% of the population as a result of over-the-air broadcasting, may demand from a person, authorised to transit broadcasting, to place their TV channels in all packages offered to consumers ('must carry'). In this case, the right of the broadcaster shall not be permitted to charge persons authorised to transit broadcasting with a fee for the transit of the broadcaster’s signal.
Based on the above, we believe that the public and all interested subjects, including experts, will have a clear and complete understanding of the issue that has been the subject of recent discussions”, reads the statement.
