More Russians flee Putin’s regime to Britain

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2014/11/06 • Russia

Article by: Oles Kovach

London – Rich Russians are attempting to flee trouble and lack of certainty at home, at the same time ensuring their own safe haven in Britain and investing hundreds of millions of pounds in the government visa program, which would allow them to reside in the United Kingdom. The Chinese are not far behind. 

The Ministry of Internal Affairs of Great Britain published information that citizens of Russia and China have already invested about a billion pounds sterling in the special investment visa program. According to British law, until recently, someone who invests 1 million pounds sterling in the economy of the United Kingdom was considered a first-category investor, thus having the opportunity to gain a so-called ‘Tier 1’ visa. This visa, accordingly, gives permission for residence, which may be re-registered as permanent British residence.

According to the Ministry of Internal Affairs, known in the UK as the Home Office, political uncertainty in Russia has spurred the recent dramatic increase i the number of the country’s citizens who are trying to gain the ‘Tier 1’ visa for the United Kingdom, practically pay the price for the privilege of living in Britain.

Only within the past 12 months, 180 such visas were issued, which is over two times more than last year.

Kingsey Napley partner Nick Rodham notes: “There was always a large number of rich Russians who were willing to move to Britain; however, the problems in Ukraine and some of the policies of President Putin are compelling more and more rich Russians ask for a first-category visa in Britain.”

Demand brings about supply. Starting November 6, the minimal sum of investments necessary to receive a British ‘Tier 1’ visa has been increased twofold and now amounts to 2 million pounds sterling. Moreover, the British government now has greater powers to verify the financial sources of the potential applicants.

However, as observers note, even this 100% price increase is unlikely to decrease the number of Russians who would want to flee Putin’s Russia, live and work freely in Britain, and have the opportunity to send their children to leading private educational institutions in the United Kingdom.

Translated by: Mariya Shcherbinina
Edited by: Andrew Kinder
Source: Radio Liberty

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  • Paul P. Valtos

    Well, the oligarchs are leaving Putin’s domain. Is it fear or just the fact that they cannot stand his megliomania. He is starting to believe what the press, which he controls, say about him.
    the second coming.

    • Milton Devonair

      Yup, once they are surrounded by people that reinforce his beliefs and a media that reinforce his beliefs, no matter how absurd, that’s when the downward cycle begins.

      Hitler didn’t start out as a nutbat.

    • Sue’n Bob Koshman

      Stalins purges were attained by false accusations and death by troika. Today, putler does the same thing…..by forcing the rich, elite and people with a brain; to leave the country. Same results……..different methods.

  • Milton Devonair

    Germans tried to safe their country from the madman called ‘hitler’, tried to assassinate him something like 80 times, but failed and hitler wound up destroying germany–and most of europe.

    Only the russian people can save russia from the madman that rules over their country…..

  • Murf

    What’s the saying about rodents and sinking ships?
    You gotta love the loyalty of Putin’s fan base.