EU seeks end to golden passport schemes, suspend visa sales to Russians and Belarusians
March 28, 2022, 5:54 pm

EU seeks end to golden passport schemes, suspend visa sales to Russians and Belarusians

File photo of the European Union flag. (File photo: AP)

The US News reported, citing Reuters, the European Commission called on EU governments on Monday to end national programmes to sell citizenship to investors, also known as golden passports schemes, and urged them to suspend the sale of visas to Russians and Belarusians.

The move follows a new push from the European Parliament to shrink and regulate the multi-billion-euro citizenship and visa industry which the EU has long considered a security risk.

It comes amid concerns that people hit by European Union sanctions over Russia's invasion of Ukraine may be holders of EU golden visas or passports.

The European Commission said on Monday: "Some Russian or Belarusian nationals who are subject to sanctions or are significantly supporting the war in Ukraine might have acquired EU citizenship or privileged access to the EU, including to travel freely in the Schengen area, under these schemes."

In this photo, Russian missiles targeted maternity and children's hospital in Mariupol, Ukraine (File photo: Euromaidan Press)

ince the start of the Russian aggression, which Moscow calls a special operation, the EU has blacklisted nearly 700 top politicians, businessmen and military staff accused of supporting the Kremlin.

The Commission urged an immediate end to existing national programmes for the sale of passports. Currently only Malta, Cyprus and Bulgaria have such schemes and they have all committed to ending them. Cyprus' parliament has just voted to end its programme.

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Brussels also said governments should check whether sanctioned people were holding a golden passport or visa they had issued.

The European Commission said it did not know whether sanctioned people were among the beneficiaries of the programme. A spokesman declined to clarify whether it had asked EU states to provide lists of people who had bought visas or passports.

The Commission said, countries should determine whether to annul those passports and should immediately withdraw residence permits.

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Several EU countries run golden visa schemes and have had golden passports programmes.

The Commission refrained from calling for the end of golden visa programmes, but urged strict checks and asked EU governments to suspend the granting of residence permits to Russians and Belarusians.

Source: usnews

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
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