Russia Reports Multiple Foreign Investments and Visa Steps for Economic Participation
The Deputy Head of the Ministry of Economic Development of the Russian Federation, Dmitry Volvach, announced that the ministry has registered over 20 applications from foreign investors seeking a simplified residence permit in Russia. The information appeared on the official site of the publication News.
Volvach noted that applicants come from a diverse set of countries, including China, the United States, Germany, Serbia, Georgia, Turkey, and Algeria, among others. He highlighted that investors expect to commit a combined 1.2 billion rubles to Russia’s economy, underscoring a clear interest in long term economic engagement and productive presence within the country.
The deputy minister added that the ministry reviewed the majority of the submitted applications and communicated positive outcomes to the Ministry of Internal Affairs. The typical timeline for the registration process was described as about four months, reflecting a measured but efficient pace for residency considerations linked to investment activity.
In related remarks, Evgeniy Ivanov, who serves as Minister of Foreign Affairs and Deputy Head of the Ministry of Foreign Affairs of Russia, indicated expectations for visa issuance for European Union citizens in 2023. The summary suggested that up to 100,000 EU citizens could receive Russian visas during that year, signaling a broadening of simplified document requirements to accommodate European applicants. He also pointed to symmetrical adjustments in visa fee structures, designed to facilitate smoother access for European travelers.
There have been earlier reports from Finland concerning a surge in illegal immigration linked to movements from Russia, illustrating ongoing regional challenges and the need for coordinated policy responses across borders. This broader context underscores Russia’s ongoing efforts to manage foreign investment channels and visa processes while addressing regional security and migration considerations. [Source: News]” }