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200 Russian millionaires bought way into UK in seven years since ‘clampdown’

Exclusive: ‘Golden visa’ scheme afforded oligarchs special treatment despite ‘security concerns’ that eventually saw scheme scrapped

200 Russian millionaires bought way into UK in seven years since ‘clampdown’
Russia Row in the City of London. Hundreds of Russian millionaires have moved to the UK under 'golden visas' in exchange for investing millions of pounds in UK companies | CAMimage / Alamy Stock Photo
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More than 200 Russian millionaires bought their way into the UK with controversial “golden visas” in the seven years since the government pledged to stop corrupt oligarchs exploiting the system, openDemocracy can reveal.

The scheme was finally closed altogether last week, as diplomatic relations with Russia reached breaking point. It had allowed 13,000 wealthy elites to jump the immigration queue if they promised to invest millions into British companies.

Home secretary Priti Patel said ending the golden visa scheme would help stop “corrupt elites who threaten our national security and push dirty money around our cities”.