Russian oligarchs in Britain may face revocation of visas

Russian oligarchs in Britain may face revocation of visas
Roman Abramovich

It involves scrutinizing in excess of 3000 visas, more than 700 of them issued to Russian investors.

The British authorities introduce a restriction on issuing visas to Russian investors, because sharpness between Moscow and London continues to grow. The Guardian reports with reference to sources in the UK Home Office.

The UK authorities will scrutinize in excess of 3000 visas, more than 700 of them issued to Russian investors. The source said: “We are reviewing all tier 1 [investor] visas granted before 5 April 2015, some of which are issued to wealthy Russians. We have not ruled out making further changes to the investor route in order to ensure that it continues to work in the national interest. The government keeps all immigration routes under review and has the ability to curtail a visa where we find evidence of serious wrongdoing,” the source added.

Transparency International supported the idea of the review. The organization stated that it has been calling on the government to reassess recipients of the investor visa to make sure that their entry to the UK was not predicated on suspicious wealth. In this period over 3000 individuals were granted a permit, each investing a minimum of £1m. The research found that almost a quarter of those were from Russia a state associated with high levels of corruption risk, without proper checks over the source of their wealth.

The visa crackdown is one prong in the government’s response to the Novichok attack in Salisbury. There are claims that the National Crime Agency is looking at issuing some unexplained wealth orders to Russians living in the UK, a new form of sanction that could result in some of them having their assets seized.

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