Grenada temporarily suspends nationals of Russia and Belarus from economic citizenship programme

SOURCE: CMC – The Government of Grenada on Thursday announced that it has temporarily suspended the acceptance of new applications from Russians and Belarussians for the Citizenship by Investment (CBI) Programme with immediate effect.

The move comes amidst Russia’s continued invasion of Ukraine.

“The Government is closely monitoring the current situation in Ukraine and will advise of any further changes to its current policy on this matter,” the CBI Unit said in a statement.

“We thank you for understanding in this matter as we strive to preserve the integrity and reputation of the Grenada CBI Programme.”

Grenada’s CBI programme allows individuals and their families to obtain citizenship or permanent residence in exchange for making a payment into the National Transformation Fund or towards an approved real estate project in the island.

The Dominica and Antigua and Barbuda governments, which also have similar CBI programmes, previously suspended applications from nationals of Russia and its ally Belarus.

Antigua also included Ukranians in its list of nationals for whom its CBI programme would be put on hold.

Grenada, Dominica and Antigua and Barbuda were among 141 UN member states that voted last week to condemn Russia.