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The publication Publico writes that Portugal refused to issue “golden visas” to all citizens of the Russian Federation who requested them after the start of the special operation in Ukraine. According to the newspaper, since the end of February, when the country’s authorities suspended consideration of applications for the issuance of such visas for Russians, 10 relevant requests were received until August – for obtaining a residence permit in exchange for investments.
According to the publication, all requests were rejected. It is also reported that the country’s authorities are discussing the possibility of revoking the “golden visas” already issued to Russians earlier.
Over the past 10 years, Russian citizens have received over 430 “golden visas” to Portugal, while the total volume of their investments exceeded 277 million euros.