Day: January 28, 2026

US businessman opposes MEGOBARI Act

An influential Republican donor and the head of a Texas-based oil company is lobbying the US Congress to block a bipartisan initiative known as the MEGOBARI Act, which seeks to impose sanctions on Georgia’s government, according to an article published by The Hill.

The publication reports that Steve Nicandros, the chairman and chief executive of Frontera Resources, has been urging members of United States Congress not to pass the legislation. The bill would introduce sanctions against Georgian officials over what it describes as pro-Russian and anti-democratic actions by the country’s authorities.

In a new article, The Hill reports that in January 2026 Steve Nicandros sent a letter to at least one member of the United States House of Representatives, urging them to halt the passage of the bill.

In the letter, Mr Nicandros said he had invested more than $500m in Georgia and planned to launch a new $100m investment programme in the country over the next two years.

He also argued that the MEGOBARI Act and other efforts to impose sanctions on Georgia would harm US businesses operating there and undermine economic cooperation. American companies, he warned, could become “collateral damage” in a political struggle.

The Hill adds that Mr Nicandros has made campaign donations to Republican Senator Markwayne Mullin, although the lawmaker has previously said that his position is not connected to Mr Nicandros.

Reporter London: Frontera representative in US lobbied for Georgian Dream’s interests

According to Reuters, American businessman Steve Nikandros urged not to adopt a bill that could put pressure on the Ivanishvili government

Steve Nicandros places responsibility for the deterioration of relations with Tbilisi on former US President Joe Biden and his administration. According to Nicandros, what he describes as the Biden administration’s “liberal-progressive” foreign policy has significantly undermined the long-standing partnership between the United States and Georgia.

The letter is accompanied by a six-page “analysis” in which Nicandros challenges assessments by international observers that Georgia’s 2024 parliamentary elections were neither free nor fair. He also defends the “foreign agents” law adopted by the ruling Georgian Dream party and argues that it is an ideological ally of Donald Trump’s administration and therefore deserves support.

The Hill: Why Senator Mullin is blocking the MEGOBARI Act and where Frontera comes in

The Hill says that Mullin’s position “has raised eyebrows,” as it is now radically different from his stance on Georgian Dream five years ago

The article also quotes Republican Congressman Joe Wilson as saying that the MEGOBARI Act is needed to strengthen Donald Trump’s geopolitical initiatives in the South Caucasus, including what he described as “Trump’s path to international peace and prosperity” linking Armenia and Azerbaijan. According to Mr Wilson, the success of this route would be in doubt if Tbilisi does not change course.

“Historic peace between Armenia and Azerbaijan and the success of the ‘Trump path’ are only possible if the Georgian Dream government changes its anti-American behaviour,” Mr Wilson said.

“US sanctions will deal a heavy blow to Ivanishvili’s regime” – comment from Tbilisi

Giorgi Rukhadze: “Sanctions alone will not be enough to make the regime back down”

US businessman opposes MEGOBARI Act