May 19, 2023

No More Golden Passports?


No More Golden Passports?
Annulled Maltese passports. Dans, Wikimedia Commons.

Wealthy Russians have historically taken advantage of citizenship-for-investment policies. However, Malta and Cyprus have recently annulled dozens of "golden passports" of EU-sanctioned Russian nationals and their families. Options for EU citizenship for Russians are disappearing.

Malta and Cyprus' “golden passports” have long been controversial. After the invasion of Ukraine, the EU asked both countries to deny Russians and Belorussians a path to naturalization via investments and to revoke passports given to investors from these countries. Der Spiegel reported that European Parliament member Moritz Körner solicited Malta to revoke the citizenships of two sanctioned Russians. The deputy also asked Cyprus to annul nine Kremlin-allies' passports and 34 people associated with them. Körner said that these passport holders should “feel the consequences” for enriching themselves off the Kremlin.

Russians have how turned to Vanuatu, whose visa is waived for the Schengen area, for alternative citizenship via investment. Yet Vanuatu is now at risk of losing its visa-free status for its "golden passports" policy.

Malta and Cyrpus have benefited from their passport policies, with Cyprus reporting that between 2007-2020 their citizenship-for-investment made gains of 9.7 billion euros. However, not all hope is lost, since a record number of Americans have begun to apply for such citizenship.

 

You Might Also Like

Financial Paradise Lost?
  • April 16, 2023

Financial Paradise Lost?

The second-largest bank in the UAE will block investment accounts from Russians, citing pressure from EU depositories.
No Money, Only War
  • March 29, 2023

No Money, Only War

Russian authorities blame the "special military operation" for the disruption of infrastructural and social projects.
Cry for Me, Argentina
  • February 19, 2023

Cry for Me, Argentina

Six pregnant Russians were detained while entering Argentina, prompting a criminal investigation into birth tourism agencies.
Screws are Tightening
  • April 12, 2023

Screws are Tightening

March has seen a serious tightening of the screws of repression by the Russian regime.
Query
Template: /muraWRM/core/mura/content/feed/feedGateway.cfc:250
Execution Time: 1.16 ms
Record Count: 0
Cached: No
Lazy: No
SQL:
SELECT
tcontent.siteid, tcontent.title, tcontent.menutitle, tcontent.restricted, tcontent.restrictgroups,
tcontent.type, tcontent.subType, tcontent.filename, tcontent.displaystart, tcontent.displaystop,
tcontent.remotesource, tcontent.remoteURL,tcontent.remotesourceURL, tcontent.keypoints,
tcontent.contentID, tcontent.parentID, tcontent.approved, tcontent.isLocked, tcontent.contentHistID,tcontent.target, tcontent.targetParams,
tcontent.releaseDate, tcontent.lastupdate,tcontent.summary,
tfiles.fileSize,tfiles.fileExt,tcontent.fileid,
tcontent.tags,tcontent.credits,tcontent.audience, tcontent.orderNo,
tcontentstats.rating,tcontentstats.totalVotes,tcontentstats.downVotes,tcontentstats.upVotes,
tcontentstats.comments, tparent.type parentType,
tcontent.path, tcontent.created, tcontent.nextn, tcontent.majorVersion, tcontent.minorVersion, tcontentstats.lockID, tcontentstats.lockType, tcontent.expires,
tfiles.filename as AssocFilename,tcontent.displayInterval,tcontent.display,tcontentfilemetadata.altText as fileAltText,tcontent.changesetid
FROM
tcontent
left Join tfiles on (tcontent.fileid=tfiles.fileid)
left Join tcontentstats on (tcontent.contentid=tcontentstats.contentid
and tcontent.siteid=tcontentstats.siteid)
Left Join tcontent tparent on (tcontent.parentid=tparent.contentid
and tcontent.siteid=tparent.siteid
and tparent.active=1)
Left Join tcontentfilemetadata on (tcontent.fileid=tcontentfilemetadata.fileid
and tcontent.contenthistid=tcontentfilemetadata.contenthistid
and tcontent.siteid=tcontentfilemetadata.siteid)
WHERE
tcontent.siteid in ('default')
and tcontent.active = 1
and tcontent.Approved = 1
AND tcontent.isNav = 1
AND tcontent.moduleid = '00000000000000000000000000000000000'
AND tcontent.searchExclude = 0
AND tcontent.contentid <> '00000000000000000000000000000000001'
AND tcontent.type <>'Module'
and (
tcontent.parentid
=
'381E9BAE-D82E-45D4-8707717C83F611B4'
and
tcontent.subtype
=
'footnote'
)
AND (
tcontent.Display = 1
OR
(
tcontent.Display = 2
AND
(
(
tparent.type!='Calendar'
and tcontent.DisplayStart <=
{ts '2026-04-01 07:10:00'}
and (tcontent.DisplayStop >=
{ts '2026-04-01 07:10:00'} or tcontent.DisplayStop is null)
) OR (
tparent.type='Calendar'
and tcontent.DisplayStart <=
{ts '2027-04-01 07:10:00'}
and (tcontent.DisplayStop >=
{ts '2026-04-01 07:10:00'} or tcontent.DisplayStop is null)
)
)
)
)
AND (
tcontent.mobileExclude is null
OR
tcontent.mobileExclude in (0,1)
)
order by
tcontent.lastUpdate desc
siteidtitlemenutitlerestrictedrestrictgroupstypesubTypefilenamedisplaystartdisplaystopremotesourceremoteURLremotesourceURLkeypointscontentIDparentIDapprovedisLockedcontentHistIDtargettargetParamsreleaseDatelastupdatesummaryfileSizefileExtfileidtagscreditsaudienceorderNoratingtotalVotesdownVotesupVotescommentsparentTypepathcreatednextnmajorVersionminorVersionlockIDlockTypeexpiresAssocFilenamedisplayIntervaldisplayfileAltTextchangesetid
Like this post? Get a weekly email digest + member-only deals

Some of our Books

Jews in Service to the Tsar
October 09, 2011

Jews in Service to the Tsar

Benjamin Disraeli advised, “Read no history: nothing but biography, for that is life without theory.” With Jews in Service to the Tsar, Lev Berdnikov offers us 28 biographies spanning five centuries of Russian Jewish history, and each portrait opens a new window onto the history of Eastern Europe’s Jews, illuminating dark corners and challenging widely-held conceptions about the role of Jews in Russian history.

Life Stories
September 01, 2009

Life Stories

The Life Stories collection is a nice introduction to contemporary Russian fiction: many of the 19 authors featured here have won major Russian literary prizes and/or become bestsellers. These are life-affirming stories of love, family, hope, rebirth, mystery and imagination, masterfully translated by some of the best Russian-English translators working today. The selections reassert the power of Russian literature to affect readers of all cultures in profound and lasting ways. Best of all, 100% of the profits from the sale of this book are going to benefit Russian hospice—not-for-profit care for fellow human beings who are nearing the end of their own life stories.

The Little Humpbacked Horse
November 03, 2014

The Little Humpbacked Horse

A beloved Russian classic about a resourceful Russian peasant, Vanya, and his miracle-working horse, who together undergo various trials, exploits and adventures at the whim of a laughable tsar, told in rich, narrative poetry.

A Taste of Russia
November 01, 2012

A Taste of Russia

The definitive modern cookbook on Russian cuisine has been totally updated and redesigned in a 30th Anniversary Edition. Layering superbly researched recipes with informative essays on the dishes' rich historical and cultural context, A Taste of Russia includes over 200 recipes on everything from borshch to blini, from Salmon Coulibiac to Beef Stew with Rum, from Marinated Mushrooms to Walnut-honey Filled Pies. A Taste of Russia shows off the best that Russian cooking has to offer. Full of great quotes from Russian literature about Russian food and designed in a convenient wide format that stays open during use.

Woe From Wit (bilingual)
June 20, 2017

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.

Bears in the Caviar
May 01, 2015

Bears in the Caviar

Bears in the Caviar is a hilarious and insightful memoir by a diplomat who was “present at the creation” of US-Soviet relations. Charles Thayer headed off to Russia in 1933, calculating that if he could just learn Russian and be on the spot when the US and USSR established relations, he could make himself indispensable and start a career in the foreign service. Remarkably, he pulled it of.

The Samovar Murders
November 01, 2019

The Samovar Murders

The murder of a poet is always more than a murder. When a famous writer is brutally stabbed on the campus of Moscow’s Lumumba University, the son of a recently deposed African president confesses, and the case assumes political implications that no one wants any part of.

Stargorod: A Novel in Many Voices
May 01, 2013

Stargorod: A Novel in Many Voices

Stargorod is a mid-sized provincial city that exists only in Russian metaphorical space. It has its roots in Gogol, and Ilf and Petrov, and is a place far from Moscow, but close to Russian hearts. It is a place of mystery and normality, of provincial innocence and Black Earth wisdom. Strange, inexplicable things happen in Stargorod. So do good things. And bad things. A lot like life everywhere, one might say. Only with a heavy dose of vodka, longing and mystery.

Moscow and Muscovites
November 26, 2013

Moscow and Muscovites

Vladimir Gilyarovsky's classic portrait of the Russian capital is one of Russians’ most beloved books. Yet it has never before been translated into English. Until now! It is a spectactular verbal pastiche: conversation, from gutter gibberish to the drawing room; oratory, from illiterates to aristocrats; prose, from boilerplate to Tolstoy; poetry, from earthy humor to Pushkin. 

Murder at the Dacha
July 01, 2013

Murder at the Dacha

Senior Lieutenant Pavel Matyushkin has a problem. Several, actually. Not the least of them is the fact that a powerful Soviet boss has been murdered, and Matyushkin's surly commander has given him an unreasonably short time frame to close the case.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955