Bangladesh, Feb. 28 -- Bidzina Ivanishvili, the billionaire founder and honorary chair of Georgias ruling party, has responded to US sanctions by moving ownership of multiple offshore companies to Georgia. The move, which shields his assets from potential global economic exposure, comes as international scrutiny over his influence in Georgian politics intensifies.

In December, the United States sanctioned Ivanishvili, accusing him of undermining Georgias democracy for the benefit of Russia. The US government cited concerns over the Georgian Dream partys increasing authoritarian tendencies and its alignment with Moscow. Given Ivanishvilis extensive wealth, much of which was amassed in Russia during the 1990s, these concerns are not unfoun...