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    PM Sharif addresses international conference 'Resilient Pakistan' on reconstruction, rehabilitation of Pakistan (Image Courtesy: Facebook)

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    Dominica, St Kitts and Nevis, Malta offers best due-diligence service across world: CBI Index 2022

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Grenada announces suspension of new CBI applications from Russian and Belarusian nationals

March 11, 2022
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Grenada announces suspension of new CBI applications from Russian and Belarusian nationals

Grenada announces suspension of new CBI applications from Russian and Belarusian nationals

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In a recent move against Russia, the Government of Grenada has decided to support the decision of the United Kingdom and the European Union.

The United Nations General Assembly has unanimously voted to condemn Russia for calling the full-scale invasion of Ukraine, demanding Moscow cease fighting and evacuate its military forces, a move aiming at diplomatically isolating Russia at the United Nations.

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As a result, Caribbean nations offering the Citizenship by Investment Programme have temporarily stopped the processing of applications from Russia as well as Belarus due to security and safety concerns.

Meanwhile, Grenada has become the fifth nation that has taken this initiative, and they have decided to not going to grant Citizenship to Russian and Belarusians.

Alongside, the government of Grenada has issued an official letter in which they stated, “The Government of Grenada has decided to temporarily suspend the acceptance of new applications from Russians and Belarussians for the Citizenship by Investment Programme with immediate effect.”

The letter further stated, “The Government is closely monitoring the current situation in Ukraine and will advise of any further changes to its current policy on this matter.”

At the same time, UK High Commissioner to Barbados and Eastern Caribbean, Scott Furssedonn-Wood, officially tweeted that more than 114 nations have voted in favour of the UN resolution against Russian aggression in Ukraine, which includes almost all the Caribbean nations such as Antigua and Barbuda, Barbados, Dominica, Grenada, St Kitts and Nevis, St Lucia and St Vincent and the Grenadines.

While looking at the current scenario, the governments of the nations mentioned above have temporarily ceased the procedure of the ‘Citizenship by Investment Programme’ applications of Russian and Belarussian nationals.

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The four Caribbean nations that were standing with Ukraine and supporting the UK and EU decisions are Dominica, Barbados, St Kitts and Nevis, St Lucia, and now Grenada has joined the list to come in favour of Ukraine.

Furthermore, the CIU of St Kitts and Nevis has issued a letter stating that the CIU advises that “New applications coming from the nations mentioned above will not be accepted and processed. As if there is any change in the information, we will provide the information accordingly.”

Moreover, the Commonwealth of Dominica, along with St Kitts and Nevis, has made a statement that with immediate effect that all the new applications from Russians and Belarusians would not be processed, stating that the measure is to safeguard the global community and secure the integrity of the nation’s CBI Programmes.

Head of Delegations of the European Union to Barbados and Eastern Caribbean, Ambassador Malgorzata Wasilewska, also expressed gratitude to the OECS nations for supporting the EU against Russia by saying no to Russia’s invasion of Ukraine and calling for an end to hostilities.

Tags: Breaking NewsGrenadaLatest NewsNewsRussiaRussia-Ukraine crisisUkraine
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