Bloomberg learned about the exclusion from the sanctions of the ban on the purchase of real estate

The fact that the European Union is going to ban Russian citizens and Russian companies from real estate transactions in the sixth package of sanctions, Bloomberg wrote in early May. However, due to the objections of Cyprus, it was decided to remove this item

The EU excluded the ban on the purchase of real estate by Russians from the latest version of the new sanctions package against Russia, reports Bloomberg.

He objected to this measure Cyprus, the agency indicates.

Bloomberg wrote in early May that the European Union included a ban on real estate transactions for Russian citizens and Russian companies in the sixth package of sanctions that Brussels is trying to agree on. We are talking about the sale or transfer— directly or indirectly— ownership of immovable property located in the EU. The ban applies to Russians who are not EU citizens and do not have a residence permit in the EU countries.

Earlier, the EU began to suspend programs for Russian citizens that allow them to obtain citizenship (permanent residence) and a residence permit (residence permit) in exchange for investments, most often in real estate. This decision was made by Greece, the Czech Republic, Malta, Portugal, Germany and others. They were joined by the USA, Canada and the UK.

In April, the Cypriot authorities canceled the “golden passports” eight people who fell under EU sanctions. The Phileleftheros newspaper wrote that Russian businessmen Mikhail Gutseriev, Alexander Ponomarenko, Vadim Moshkovich and Alexei Kuzmichev, as well as members of their families, were also deprived of their citizenship.

In November 2020, Cyprus suspended the issuance of “golden passports” in exchange for investment. The reason was the investigation of Al Jazeera journalists, who found out that obtaining a Cypriot passport through unofficial channels was possible even for a person with a criminal past.

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