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Reuters
Reuters
Business
Francesco Guarascio

EU lawmakers to push for ban on new 'golden passports', visas for Russians

FILE PHOTO: European Union flags are seen outside the European Commission headquarters in Brussels, Belgium November 14, 2018. REUTERS/Francois Lenoir/File Photo

The European Parliament is set to approve on Wednesday a report urging the EU to ban golden passport schemes by 2025 and immediately stop the issuance of visas and passports to rich Russians in exchange for investments.

The move follows Russia's invasion of Ukraine which has triggered global sanctions of unprecedented severity against Moscow, with targets including a number of powerful and wealthy Russians seen as close to President Vladimir Putin.

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