The European Commission has proposed immediate steps to be taken on the Russia’s invasion of Ukraine with related to investor citizenship and residence schemes.
Among these measures, EU has golden passports and residence permits already granted to russian investors and family members subjected to EU sanctions to be revoked or rescinded. This is COMMISSION RECOMMENDATION of 28.3.2022 on immediate steps
in the context of the Russian invasion of Ukraine in relation to investor citizenship schemes and investor residence schemes.
The Member States concerned should report to the Commission on the implementation of
this recommendation by the end of May
Denaturalization
Any Member State that has naturalised Russian or Belarusian nationals based on an investor citizenship scheme should immediately assess, in accordance with the principles resulting from the case law of the Court of Justice of the European Union, including the principle of proportionality and the protection of fundamental rights, whether these individuals’ naturalisations should be withdrawn because:
– the person concerned is or becomes subject to the EU restrictive measures
– or because it is otherwise determined that the person concerned significantly supports
by any means the war in Ukraine or other related activities of the Russian
government or Lukashenko regime breaching international law.
This should also apply in cases where these individuals have been naturalised as family
members of a main applicant.
Golden residence
Member States should immediately withdraw, and refuse to renew, as the case may be, the
residence permits granted on the basis of an investor residence scheme to Russian and
Belarusian nationals, if following an assessment:
– it is established that the person concerned is or becomes subject to the EU restrictive
measures
– or because it is otherwise determined that the person concerned significantly supports
by any means the war in Ukraine or other related activities of the Russian
government or Lukashenko regime breaching international law
Also applies to family members.
Read more here
