Saudi Press

Saudi Arabia and the world
Wednesday, Mar 18, 2026

Russian oligarchs on UK sanctions list were granted ‘golden visas’

Russian oligarchs on UK sanctions list were granted ‘golden visas’

Eight unnamed individuals were awarded right to live in Britain under controversial investor visa scheme

Eight Russian oligarchs on the UK sanctions list over their links to Vladimir Putin were granted “golden visas” to live in Britain.

The eight individuals, who Boris Johnson described as having “the blood of the Ukrainian people on their hands”, were granted the right to live in the UK after promising to invest at least £2m under the controversial tier 1 investor visa scheme.

Lady Williams of Trafford, a home office minister, said in an answer to a parliamentary question this week that on 18 March, eight of the oligarchs subjected to sanctions over the invasion of Ukraine “had been identified as holding or having held leave as a tier 1 (investor) migrant or as a tier 1 (investor) migrant dependent”.

The eight people were not named, and the Home Office declined to provide further details.

On 10 March, the UK government said sanctions had been imposed on 18 Russian businesspeople, with a combined worth of £30bn, since the invasion began. Hundreds more have been added to the list since.

Those on the list include Roman Abramovich, the billionaire owner of Chelsea FC; Alisher Usmanov, the steel and mining magnate described by the EU as one of Putin’s “favourite oligarchs”; and Andrey Guryev Jr, whose family reportedly owns Witanhurst, a mansion in Highgate, north London, that is London’s second-largest home after Buckingham Palace.

Layla Moran, the Liberal Democrat foreign affairs spokesperson, said: “For too long the government has rolled out the red carpet for Putin’s cronies. These people should never have been able to buy their way into the UK with ill-gotten wealth.

“We now need to know how many others who were given golden visas owe their wealth to Putin’s regime, and why the government hasn’t sanctioned them too. Ministers must stop dragging their feet and finally publish the review into these visas.”

The government scrapped the golden visa scheme in February as fears mounted that Russia was preparing to invade Ukraine. Priti Patel, the home secretary, said she was closing the scheme as part of a push to stop “corrupt elites who threaten our national security and push dirty money around our cities”.

Launched in 2008, the scheme allowed people with at least £2m in investment funds and a UK bank account to apply for residency rights, along with their family. The speed with which applicants were given indefinite leave to remain was hastened by how much money they planned to invest in the UK: £2m took five years, while £10m shortened the wait to two.

The Home Office has issued 2,581 investor visas to Russian citizens since the scheme was introduced in 2008.

During a “blind faith period” between 2008 and 2015, 97% of investors were subject to scant checks on the legitimacy of their wealth leading to concerns about undesirable people slipping into the country, says critics.

According to an anti-corruption watchdog, 6,312 golden visas – half the number of all those issued – had been reviewed for “possible national security risks”.

Dr Susan Hawley, the executive director of Spotlight on Corruption, said: “This illustrates once again just how risky the golden visa regime was to the UK’s national security, and is likely to be just the tip of the iceberg. The government must publish its review of golden visas issued between 2008 and 2015, when minimal checks on applicants’ source of wealth were made, urgently.

“We also need to know how many tier 1 visas issued to Russian nationals since 2008 have been found to pose a national security risk, and what steps the government is taking to revoke visas where appropriate.”

After the 2018 Salisbury poisonings of Sergei and Yulia Skripal, a former Russian military officer and his daughter, the government launched a review into the investors who were awarded visas from 2008-2015. The review has yet to be published.

Meanwhile, new investors continued to take advantage of the visa system. The latest Home Office data shows 798 investor visas were granted in the year to September 2021, of which 82 were awarded to Russians – the highest 12-month total since 2018.

The scheme remained open, despite parliament’s joint intelligence and security committee saying in 2020 that it was “welcoming oligarchs with open arms”.

“It offered ideal mechanisms by which illicit finance could be recycled through what has been referred to as the London ‘laundromat’,” the committee said. “Russian influence in the UK is ‘the new normal’, and there are a lot of Russians with very close links to Putin who are well integrated into the UK business and social scene, and accepted because of their wealth.

“This level of integration – in ‘Londongrad’ in particular – means that any measures now being taken by the government are not preventative but rather constitute damage limitation.”

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
U.S. Lawmakers Press Rubio to Enforce Strong Safeguards in Saudi Nuclear Deal
Iran Issues Evacuation Warning to Gulf States After Strike on Major Gas Field
Saudi Arabia to Convene Arab and Islamic Ministers for Urgent Talks on Regional Conflict
Saudi Arabia Confirms Eid al-Fitr as Moon Sighting Determines End of Ramadan
Saudi Arabia Boosts Crude Exports to Highest Levels Since 2023, Data Shows
Iran Issues Warning to Gulf Energy Infrastructure Following Strike on Major Gas Field
Saudi Arabia Restarts Ras Tanura Refinery Following Drone Strike, Reinforcing Energy Resilience
Saudi Arabia Restarts Ras Tanura Refinery Following Drone Strike, Reinforcing Energy Resilience
Saudi Arabia Intercepts Ballistic Missiles Targeting Riyadh Amid Escalating Regional Tensions
Saudi Arabia Restores Significant Oil Flows Using Hormuz Bypass Amid Regional Tensions
Saudi Arabia Signals Potential Activation of Defence Pact with Pakistan Amid Escalating Iran Conflict
Saudi Supreme Court Urges Muslims to Observe Crescent Moon for Eid Determination
Saudi Supreme Court Urges Muslims to Observe Crescent Moon for Eid Determination
Saudi Arabia Reassesses Iran Strategy as Regional Conflict Tests MBS’s Diplomatic Bet
Iran Steps Up Drone Strikes on Saudi Oil Sites, Heightening Risks to Global Supply
Regional Fallout Grows as Iran Conflict Sends Shockwaves Across Jordan, Saudi Arabia, and Egypt
Saudi Arabia Intercepts Seven Drones in Intensifying Regional Security Threat
Saudi Arabia Intercepts Seven Drones in Intensifying Regional Security Threat
Saudi Arabia Weighs Regional Risks as Iran Conflict Deepens and Security Calculations Shift
Gulf States Confront Limits of U.S. Protection as Regional War Intensifies
Gulf Producers Rush to Reroute Oil Exports as Iran Tightens Control of Hormuz Strait
Saudi Gaming Investment Arm Acquires Strategic Stake in Capcom to Expand Global Influence
Iran Intensifies Strikes on Saudi Oil Infrastructure as Regional War Escalates
Saudi Arabia Targets South African Professionals in New Recruitment Drive Amid Regional Uncertainty
Formula One Faces Major Financial Hit as Bahrain and Saudi Arabian Grands Prix Cancelled Amid Middle East Conflict
U.S. and Saudi Firms Launch Local Production of Attritable Drone Systems in Saudi Arabia
Saudi Arabia and UAE Warn Rising Gulf Tensions Could Endanger Regional Security
Saudi Arabia Rejects Claims It Encouraged Prolonged War With Iran
Saudi Arabia to Host World’s Largest Single-Cell Protein Plant as Food Security Push Accelerates
Saudi Crown Prince Urges Trump to Continue Military Pressure on Iran
Iran Intensifies Drone Campaign Against Saudi Arabia as Gulf Conflict Escalates
When Is Eid al-Fitr 2026? Saudi Arabia Awaits Moon Sighting to Confirm End of Ramadan
When Is Eid al-Fitr 2026? Saudi Arabia Awaits Moon Sighting to Confirm End of Ramadan
Iranian Missile Strike Damages Five U.S. Refueling Aircraft at Saudi Air Base
Iranian Missile Strike Damages Five U.S. Refueling Aircraft at Saudi Air Base
Washington State Pilot Among Six U.S. Airmen Killed in Military Aircraft Crash Over Iraq
Severe Storm Threat Looms Over Washington as Tornado Risk and Damaging Winds Target Mid-Atlantic
Trump Supports FCC Warning to Broadcasters Over Iran War Reporting
Trump Supports FCC Warning to Broadcasters Over Iran War Reporting
Saudi Stocks Edge Lower as Tadawul All Share Index Slips Slightly at Market Close
Iranian Missile and Drone Strike Targets Saudi Arabia’s Prince Sultan Air Base Hosting US Aircraft
Saudi Air Defenses Intercept Drone Over Eastern Province as Iranian Strike Campaign Intensifies
Middle East War Reshapes Gulf Economies as Saudi Arabia and Oman Gain Strategic Leverage While UAE Faces Economic Shock
Iranian Ambassador in Riyadh Blames ‘Enemies’ for Attacks Across the Gulf
Israeli Envoy Ron Dermer Reportedly Visits Saudi Arabia for Discussions on Potential Lebanon Talks
Formula One Cancels Bahrain and Saudi Arabian Grands Prix Scheduled for April
Iran’s Ambassador in Riyadh Rejects Claims Tehran Targeted Saudi Oil Facilities
Saudi Arabia Declares 2026 ‘Year of Artificial Intelligence’ in Major Push for Data-Driven Economy
Saudi Arabia’s 2018 Budget Signals Strong Push for Non-Oil Economic Growth
Pakistan Envoy in Riyadh Says Regional Diplomacy Intensifying to Prevent Wider Middle East War
×