Far more ‘Golden Passports’ revoked – Cyprus Assets News


The Council of Ministers has decided to revoke the citizenship of four further Russians and their people who obtained ‘Golden Passports’ beneath the island’s disgraced Citizenship by Investment decision plan that was introduced to an abrupt conclusion in November 2020.

The 4 Russians have been sanctioned in the most recent spherical of EU sanctions subsequent the Russian invasion of Ukraine. The four have been named in the community media as Grigory Berezkin, Oleg Deripaska, Igor Kasayev and Gulbakor Ismailova their eleven dependents will also drop their ‘Golden Passports’.

Grigory Berezkin acquired Cypriot Citizenship in Oct 2012. He is a notable businessman and deemed to be faithful to Vladimir Putin. Berezkin is Chairman of the Board of ESN Team, a Russian private expense group with a portfolio of investments in a variety of sectors, together with media, vitality, infrastructure, pure resources, and the petrochemical sector.

Oleg Deripaska obtained Cypriot citizenship in 2017 and his fortune is estimated at US$ 23 billion. The US imposed sanctions on Deripaska, who has managed a single of the world’s premier aluminium organizations for 4 several years on Deripaska has also been sanctioned by the Cyprus considering the fact that the Russian invasion of Ukraine.

Igor Kasayev acquired Cypriot citizenship in May 2012. He is outlined on the Forbes record of billionaires and his fortune is estimated at US$ 3.1 billion. Kasayev’s ‘clan’, which consists of 9 dependents: his wife, small children and grandchildren will also reduce their ‘Golden Passports’.

Gulbakor Ismailova obtained Cypriot citizenship in 2015. She is the sister of the Russian tycoon, Alisher Usmanov whose fortune is approximated at US$ 19.5 billion.

Before this thirty day period, 4 men and women and their seventeen family members members missing their ‘Golden Passports’. Phileleftheros reviews that the most current 4 folks to be stripped of their Cypriot citizenship have eleven dependants who were being also granted citizenship.

The overall amount of persons who have been stripped of their Cypriot citizenship as a consequence of Russia’s invasion of Ukraine stands at 36.

Legal Providers will fulfill in May perhaps to think about extra than 100 ‘Golden Passport’ circumstances that came to light throughout the investigation headed up by former supreme court decide Myron Nikolatos.

Also predicted in May well are developments about 5 persons highlighted in the Al Jazeera exposé.

Cyprus issued 6779 ‘Golden Passports’ beneath its disgraced Citizenship by Financial investment plan, 2886 of which had been issued Russian and their relatives associates in accordance to studies.

It is been estimated that somewhere around 45,000 Russians dwell in Cyprus, just about 6% of the Republic’s population.