RA Shaking the Snake, Shaking the Rope by COSIMO |
Statistics compiled by an agent of the European Union has revealed that Russians represent the largest national group of purchasers of Maltese IIM passports in the country's Citizenship by Investment (CBI) programme. Maltese passports grant the holders visa-free entry into the European Union's Shengen Zone.
Unlike the rest of the countries of the EU since the illegal invasion of the Ukraine, Malta has refused to expel the large contingent of Russian intelligence agents operating out of the local Russian Embassy.Whilst it has ceased issuing new passports to Russian applicants, it has not stopped renewing passports of Russians as they expire, and only a single passport issued to a Russian national has been revoked. meaning that Russian Oligarchs, and their immediate families who hold the IIM passport continue to be able to use them to freely enter the countries of the European Union, and all other nations where EU passports allow visa-free admittance.
Malta remains the lone EU Member state that still sells passports, notwithstanding pending legal action by the European Union to compel it to terminate its programme, with prejudice, due to the rampant abuse of Maltese passports by transnational white collar criminals, citizens of sanctioned states, citizens from State Sponsors of Terrorism, and corrupt Politically Exposed Persons (PEPs). The lucrative cash flow into the Maltese treasury, and the spinoff business they generate for Malta's dodgy offshore financial services industry continues to trump AML/CFT.
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