Authorities in Italy have halted an investment program for Russian and Belarusian citizens that offered residency permits in exchange for large investments. The Investor Visa for Italy program ended on August 8, according to the program's website. It offered Italian residency permits to Russian and Belarusian nationals who invested more than 500,000 euros ($547,000) in Italy. The cancellation of the program comes after the European Commission in March 2022 called for EU countries to suspend so-called golden-passport and investment-based residence-permit schemes in response to Russia's invasion of Ukraine. To read the original story by Current Time, click here.
