In a first, EU to suspend visa-free travel for 'golden passport' country

12/1/2022 6:59:00 PM

In a first, EU to suspend visa-free travel for 'golden passport' country

In a first, EU to suspend visa-free travel for 'golden passport' country

BRUSSELS: The European Commission proposed on Wednesday (Jan 12) a suspension of a visa-free travel agreement with the Pacific archipelago of Vanuatu because of its scheme offering passports to rich foreigners. If the proposal is backed by EU states, it would be the first time that the EU imposes sanctions

BRUSSELS: The European Commission proposed on Wednesday (Jan 12) a suspension of a visa-free travel agreement with the Pacific archipelago of Vanuatu because of its scheme offering passports to rich foreigners.If the proposal is backed by EU states, it would be the first time that the EU imposes sanctions on a country for running"golden passport" schemes, which the Commission has repeatedly warned could pose security and money laundering risks.

Other countries, including eastern European states, are monitored."The Commission has concluded that Vanuatu's investor citizenship schemes present serious deficiencies and security failures," it said in a statement.Under the scheme, foreigners can obtain Vanuatu citizenship and passport in exchange for a minimum investment of US$130,000.

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LinkedIn BRUSSELS: The European Commission proposed on Wednesday (Jan 12) a suspension of a visa-free travel agreement with the Pacific archipelago of Vanuatu because of its scheme offering passports to rich foreigners.there .Copy to clipboard https://str.Copy to clipboard https://str.

If the proposal is backed by EU states, it would be the first time that the EU imposes sanctions on a country for running"golden passport" schemes, which the Commission has repeatedly warned could pose security and money laundering risks. Other countries, including eastern European states, are monitored. The EU's Copernicus Climate Change Service (C3S) said in a report on Monday (Jan 10) that the last seven years were the world's warmest "by a clear margin" in records dating back to 1850 and the average global temperature in 2021 was 1. "The Commission has concluded that Vanuatu's investor citizenship schemes present serious deficiencies and security failures," it said in a statement. "David Sassoli passed away at 1. Under the scheme, foreigners can obtain Vanuatu citizenship and passport in exchange for a minimum investment of US$130,000.2C above 1850-1900 levels. That, in turn, gives them visa-free access to the EU, under a visa waiver agreement the country has with the 27-nation bloc. Earlier this month Israel became the first nation to start administering a second booster, or fourth shot, to those over 60.

The Commission has proposed to suspend visa-free travel for all holders of Vanuatu passports released since May 2015 when the investor programme started to operate in earnest in the country. Countries committed under the 2015 Paris Agreement to try to limit global temperature rise to 1." The former television newsreader had been in hospital since Dec 26 due to"a serious complication due to a dysfunction of the immune system," Mr Cuillo had said on Monday, announcing the cancellation of Mr Sassoli’s official activities. The moratorium would be lifted if the programme is properly amended. The EU executive said the scheme was deemed risky because it essentially accepted all applicants and did not sufficiently screen them, despite some appearing in Interpol's security databases. That would require emissions to roughly halve by 2030, but so far they have charged higher. Vanuatu's embassy in Brussels was not immediately available for comment. Mr Sassoli had already indicated that he would not seek re-election. The Commission said it was monitoring countries with visa-free access to the EU which are effectively operating or are planning to set up investor citizenship schemes, including Caribbean and Pacific islands and eastern European states Montenegro, Albania and Moldova. Climate change exacerbated many of the extreme weather events sweeping the world in 2021, from floods in Europe, China and South Sudan, to wildfires in Siberia and the United States. The agency said that April is the soonest it could approve a new vaccine targeting a specific variant, as the process takes about three to four months.

Most EU states have their own schemes offering passports or visas to wealthy foreigners, but the Commission considers most of them in line with EU rules, with the exception of programmes set up by Cyprus and Malta. Both states are facing legal challenges from Brussels which require them to change the programmes or stop running them to avoid the risk of a fine. Global levels of CO2 and methane, the main greenhouse gases, continued to climb, and both hit record highs in 2021. He was a member of the centre-left Progressive Alliance of Socialists and Democrats, the second-biggest grouping in the Parliament after the centre-right European People’s Party. Source: Reuters/yb .