November 23, 2024

Roman Abramovich may have to explain source of wealth to get UK visa

Roman Abramovich, the owner of Chelsea Football Club, could be asked to explain the source of his vast wealth before he is granted a new UK visa.

The Russian oligarch’s investor visa application is still being considered after his previous one, which was granted before tighter regulations were introduced in April 2015, expired.

No 10 said that while it would not comment on individual cases, it was the “logical conclusion” that some wealthy individuals who had applied under the investment visa route before the changes would no longer be eligible.

The government launched a further crackdown on wealthy investors coming to the UK after the Salisbury poisoning, increasing tensions between Britain and Russia.

Downing Street confirmed it was looking at individuals who were still in the UK and holding tier 1 visas, which allow anyone who invests more than £2m in the British economy to stay for 40 months.

Responding to the reports on the delay with Abramovich’s visa, the Kremlin claimed that Russian businesses often encountered “unfair and unfriendly” actions when applying to come to the UK.

But Theresa May’s official spokesman said: “The prime minister has been absolutely clear that our argument is not with the Russian people, our dispute is with the Russian government.”

For more read the full of article at The Guardian

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