Sanctions against Russia continue. The European Union will limit the granting of a permanent residence permit orgolden visa For Russian citizens who have a close relationship with the Russian government Russian President Vladimir Putin. This is reflected, among other actions, in the statement made last Saturday by the leaders of the European Commission, France, Germany, Italy, the United Kingdom, the United States and Canada.
A foreign person who invests in obtaining residency Minimum €500,000 You can apply for a permanent visa or a golden visa. This is the route that many people who do not belong to an EU country use to move freely and without residency restrictions.
It can also be accessed through a commercial investment or in the stock markets of shares of European Union companies from one million euros or public debt from two million euros. Highly qualified professionals can access this type of permit. However, the acquisition of real estate assets from this amount is one of the most popular and, in fact, many Russian citizens use it to establish themselves in one way or another in a tourist destination in Spain.
Among the sanctions that Western countries have imposed on Russia for attacking Ukraine are restrictions when it comes to granting such permits. However, the statement made so far by European leaders limits this concession to Russian citizens closely associated with Putin’s government.
However, the disconnection of some banks from the Swift messaging system will also limit and impede many potential residential investments by Russian citizens. This procedure ensures that these banks are separated from the international financial system It weakens its ability to operate internationally.
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