Malta has continued to sell citizenship through its 'golden passport' program, allowing wealthy individuals to obtain EU passports in exchange for investments.
Reports reveal that several Russians, who are under EU and US sanctions due to Russia's invasion of Ukraine, have acquired Maltese passports through this scheme. This loophole enables sanctioned individuals to circumvent travel bans and other restrictions imposed by the EU. The program is now facing scrutiny and a potential European court ruling on its future.
The revelations have sparked concerns about the integrity of EU border controls and the effectiveness of sanctions.
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Maltese passports were sold to Russians who were sanctioned over war in Ukraine - Financial Times
A Russian businessman who has been hit with EU sanctions over Russia's war with the Ukraine has a Maltese passport, the Financial Times in the UK reports. It says that Albert Avdolyan had
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Maltese ‘golden’ passports were sold to Russians with Ukraine war links
Russian businessman Albert Avdolyan has been hit with EU sanctions over Moscow’s war in Ukraine, but can partially circumvent the bloc’s travel ban thanks to a Maltese passport he bought under a “golden” visa scheme that faces a European court ruling on its future this week.
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