Russia will simplify the granting of citizenship to investors

Continued: Putin instructed to bring the far East to speed the pace of development

Russia will provide for the possibility of granting citizenship in a simplified procedure for major investors. This was stated by Russian President Vladimir Putin, speaking at the plenary session of the Eastern economic forum.

According to him, for the simplified acquisition of citizenship investors will be required to invest more than 10 million dollars in the Russian far East.

On July 31 the press service of the Kremlin reported that Russian President Vladimir Putin signed the law on amendments to the legislation on granting of citizenship of the country. Normative act, in particular, governs the waiver of the citizenship of Ukraine. Earlier in July the head of state told about the plans to facilitate the obtaining of Russian citizenship for immigrants from Ukraine.

March 10, the Duma Committee on Affairs of nationalities approved the draft law simplifying the acquisition of Russian passports to Russian speakers. In early December, 2016, the state Duma adopted a law that allows to grant Russian citizenship to former Soviet citizens in a simplified manner for another three years — until 2020.

WEF 2017 is held in Vladivostok from 6 to 7 September. The forum was attended by the President of Russia Vladimir Putin, the Prime Minister of Japan Shinzo Abe, South Korean President moon Jae-In and President of Mongolia Khaltmagiin Battulga.