BR100 Decreased By (-0.94%)
BR30 Decreased By (-1.04%)
KSE100 Decreased By (-0.91%)
KSE30 Decreased By (-1.01%)
AGHA 7.65 Decreased By ▼ -0.16 (-2.05%)
BECO 5.15 Decreased By ▼ -0.06 (-1.15%)
BML 57.00 Decreased By ▼ -0.50 (-0.87%)
BOP 33.92 Decreased By ▼ -0.11 (-0.32%)
CNERGY 9.89 Decreased By ▼ -0.07 (-0.7%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.21 Decreased By ▼ -1.49 (-2.72%)
FFL 16.55 Decreased By ▼ -0.14 (-0.84%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.21 Decreased By ▼ -0.19 (-2.57%)
KOSM 5.72 Decreased By ▼ -0.05 (-0.87%)
LOTCHEM 29.13 Decreased By ▼ -0.19 (-0.65%)
MLCF 92.12 Decreased By ▼ -2.24 (-2.37%)
NBP 201.49 Decreased By ▼ -1.56 (-0.77%)
NCPL 56.64 Decreased By ▼ -0.36 (-0.63%)
NPL 66.70 Decreased By ▼ -1.00 (-1.48%)
OGDC 314.35 Decreased By ▼ -1.49 (-0.47%)
PACE 10.51 Decreased By ▼ -0.13 (-1.22%)
PAEL 42.05 Decreased By ▼ -1.15 (-2.66%)
PIBTL 16.48 Decreased By ▼ -0.26 (-1.55%)
PPL 215.90 Decreased By ▼ -3.88 (-1.77%)
PRL 50.65 Increased By ▲ 1.46 (2.97%)
PTC 70.01 Decreased By ▼ -0.52 (-0.74%)
SSGC 26.87 Decreased By ▼ -1.38 (-4.88%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 18.27 Increased By ▲ 0.03 (0.16%)
TPLP 13.57 Increased By ▲ 0.30 (2.26%)
TREET 22.51 Decreased By ▼ -0.21 (-0.92%)
TRG 59.56 Decreased By ▼ -0.58 (-0.96%)
By

BRUSSELS: 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.

“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,” the European Commission said on Monday.

Russia, Ukraine set for face-to-face peace talks

Since 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.

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.

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

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.

Comments

Comments are closed for this article.