Cyprus 'golden passports' bring Russians into the EU

The government has earned more than five billion dollars from selling Cypriot passports so far.

by

    The EU has warned that the "golden passports" being given by Cyprus to wealthy Russian oligarchs will allow organised crime to infiltrate the bloc.

    Even some established Russian businessmen on the island are concerned, worrying that the new oligarchs do not live in Cyprus and the properties that they are purchasing will become a ghost town.

    Pressure from the European Commission may bring an end to the "golden passports", but for now, the marina in Limassol is rapidly filling with luxury yachts.

    Al Jazeera's David Chater reports from Limassol.


    YOU MIGHT ALSO LIKE

    'Money can't buy us': Mapping Canada's oil pipeline battle

    'Money can't buy us': Mapping Canada's oil pipeline battle

    We travel more than 2,000km and visit communities along the route of the oil pipeline that cuts across Indigenous land.

    Women under ISIL: The wives

    Women under ISIL: The wives

    Women married to ISIL fighters share accounts of being made to watch executions and strap explosives to other women.

    Diplomats for sale: How an ambassadorship was bought and lost

    Diplomats for sale: How an ambassadorship was bought and lost

    The story of Ali Reza Monfared, the Iranian who tried to buy diplomatic immunity after embezzling millions of dollars.