Moscow: All Russian citizens who applied for golden visas after February 24 have been refused, according to Portuguese newspaper Publico on Sunday.
A “golden visa” is a residence permit granted to third-country nationals in exchange for significant financial contributions to the Portuguese economy.
According to media reports, between late February and early August, the Portuguese Immigration and Borders Service received ten applications for golden visas from Russian citizens in exchange for investments; however, each of these requests was denied.
The European Commission decided on Tuesday to completely halt the agreement with Moscow to facilitate visas. The decision will increase restrictions for multiple-entry visas and complicate the visa application process for Russian nationals.
When the agreement entered into force in 2007, travel between Russia and the EU became much easier. The document reduced visa fees, streamlined the process of obtaining a multiple-entry visa, reduced the list of required documents, and abolished visas for diplomats.
The EU partially suspended the agreement at the end of February, after the start of the special operation in Ukraine, eliminating preferences for Russian diplomats, other officials and businessmen.
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