PanamaTimes

Saturday, Sep 07, 2024

Russian oligarchs on UK sanctions list were granted ‘golden visas’

Russian oligarchs on UK sanctions list were granted ‘golden visas’

Eight unnamed individuals were awarded right to live in Britain under controversial investor visa scheme

Eight Russian oligarchs on the UK sanctions list over their links to Vladimir Putin were granted “golden visas” to live in Britain.

The eight individuals, who Boris Johnson described as having “the blood of the Ukrainian people on their hands”, were granted the right to live in the UK after promising to invest at least £2m under the controversial tier 1 investor visa scheme.

Lady Williams of Trafford, a home office minister, said in an answer to a parliamentary question this week that on 18 March, eight of the oligarchs subjected to sanctions over the invasion of Ukraine “had been identified as holding or having held leave as a tier 1 (investor) migrant or as a tier 1 (investor) migrant dependent”.

The eight people were not named, and the Home Office declined to provide further details.

On 10 March, the UK government said sanctions had been imposed on 18 Russian businesspeople, with a combined worth of £30bn, since the invasion began. Hundreds more have been added to the list since.

Those on the list include Roman Abramovich, the billionaire owner of Chelsea FC; Alisher Usmanov, the steel and mining magnate described by the EU as one of Putin’s “favourite oligarchs”; and Andrey Guryev Jr, whose family reportedly owns Witanhurst, a mansion in Highgate, north London, that is London’s second-largest home after Buckingham Palace.

Layla Moran, the Liberal Democrat foreign affairs spokesperson, said: “For too long the government has rolled out the red carpet for Putin’s cronies. These people should never have been able to buy their way into the UK with ill-gotten wealth.

“We now need to know how many others who were given golden visas owe their wealth to Putin’s regime, and why the government hasn’t sanctioned them too. Ministers must stop dragging their feet and finally publish the review into these visas.”

The government scrapped the golden visa scheme in February as fears mounted that Russia was preparing to invade Ukraine. Priti Patel, the home secretary, said she was closing the scheme as part of a push to stop “corrupt elites who threaten our national security and push dirty money around our cities”.

Launched in 2008, the scheme allowed people with at least £2m in investment funds and a UK bank account to apply for residency rights, along with their family. The speed with which applicants were given indefinite leave to remain was hastened by how much money they planned to invest in the UK: £2m took five years, while £10m shortened the wait to two.

The Home Office has issued 2,581 investor visas to Russian citizens since the scheme was introduced in 2008.

During a “blind faith period” between 2008 and 2015, 97% of investors were subject to scant checks on the legitimacy of their wealth leading to concerns about undesirable people slipping into the country, says critics.

According to an anti-corruption watchdog, 6,312 golden visas – half the number of all those issued – had been reviewed for “possible national security risks”.

Dr Susan Hawley, the executive director of Spotlight on Corruption, said: “This illustrates once again just how risky the golden visa regime was to the UK’s national security, and is likely to be just the tip of the iceberg. The government must publish its review of golden visas issued between 2008 and 2015, when minimal checks on applicants’ source of wealth were made, urgently.

“We also need to know how many tier 1 visas issued to Russian nationals since 2008 have been found to pose a national security risk, and what steps the government is taking to revoke visas where appropriate.”

After the 2018 Salisbury poisonings of Sergei and Yulia Skripal, a former Russian military officer and his daughter, the government launched a review into the investors who were awarded visas from 2008-2015. The review has yet to be published.

Meanwhile, new investors continued to take advantage of the visa system. The latest Home Office data shows 798 investor visas were granted in the year to September 2021, of which 82 were awarded to Russians – the highest 12-month total since 2018.

The scheme remained open, despite parliament’s joint intelligence and security committee saying in 2020 that it was “welcoming oligarchs with open arms”.

“It offered ideal mechanisms by which illicit finance could be recycled through what has been referred to as the London ‘laundromat’,” the committee said. “Russian influence in the UK is ‘the new normal’, and there are a lot of Russians with very close links to Putin who are well integrated into the UK business and social scene, and accepted because of their wealth.

“This level of integration – in ‘Londongrad’ in particular – means that any measures now being taken by the government are not preventative but rather constitute damage limitation.”

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
BRAZIL’S SUPREME COURT MINISTER ORDERS EXPLANATION ON X BLOCKING
Porn streamer OnlyFans paid owner $630mn in dividends
Donald Trump will not face sentencing over his 'hush money' conviction before the US presidential election on November 5, after a Manhattan judge granted his request to delay the proceeding
Return of Brazilian Artworks to Bahia
France Pilots Mobile Phone Ban in Schools
WHO-Led Study Finds No Link Between Mobile Phones and Brain Cancer
Kamala Harris is in Detroit and has a new accent again
EU Rejects Maduro’s Election Win Claim in Venezuela
Former Red Brigades Member Arrested in Argentina After 40 Years on Run
Elon Musk Accuses Brazilian Supreme Court Justice of Election Interference
Universe May Have Had a Pre-Big Bang 'Secret Life'
Ecuador's Narco Violence Threatens Scientists and Conservation Efforts
Brazilian Judge Alexandre de Moraes Blocks Elon Musk's X
Nаkеd American woman gropes security
Tsimane Tribe: Secrets to Health and Slow Ageing
OpenAI Blocks Iranian Group's ChatGPT Accounts for Election Interference
WHO Declares Mpox Global Health Emergency Again
Decline in World Records at Paris Olympics: An Analysis
EU Pressures Elon Musk Over Trump Interview
UN Reports Lowest Global Youth Unemployment Rate in 15 Years
Fatal Plane Crash Near Sao Paulo
Snoop Dogg: The Feel-Good Spirit of the Paris Olympics
McDonald's Worker Sets Restaurant On Fire Over Customer Frustration
Kamala Harris Confirmed as Democratic Candidate for US Presidential Election
Controversies at the Paris Olympics
Elon Musk Accepts Fight Challenge from Venezuelan President Nicolas Maduro
First Case of 'Virgin Birth' in Endangered Shark Species in Italy
G20 Fails to Reach Agreement on Global Billionaire Tax
Mexican Drug Lords El Mayo and El Chapo's Son Arrested in Texas
World's Hottest Day Recorded on July 21
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Global IT Outage Sparks Major Concerns
Global IT Outage Unveils Digital Vulnerabilities
Secret Service Criticized for Lack of Sniper Protection During Trump Shooting
Colombian Court Annuls Amazon Tribes’ Carbon Credit Deal
Sunita Williams Safe on ISS, to Address Earth on July 10
Biden Affirms Commitment To Presidential Race
Boeing Pleads Guilty Over 737 MAX Crashes
Beryl Storm Hits Texas, Killing 2 and Causing Major Power Outages
2024 Predicted to Be World's Hottest Year
Macron Faces New Political Challenges Despite Election Relief
Florida Man Arrested Over Attempt to Withdraw One Cent
Anger mounts at Biden’s top team after disastrous debate
Bolivian President Luis Arce Denies 'Self-Coup' Allegations
Steve Bannon Begins 4-Month Prison Sentence
Biden Warns of 'Dangerous Precedent' After Supreme Court Immunity Ruling in Trump Case
Elon Musk Accuses Kamala Harris of Misleading Post on Trump's Abortion Stance
Hunter Biden Sues Fox News Over 'Revenge Porn' Allegations
New York Times Editorial Board Urges Biden to Exit Presidential Race
×