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St Kitts and Nevis Imposes Financial Sanctions on Russia and Belarus

In Solidarity with Global Efforts to Isolate Moscow for Ukraine War

Basseterre, St. Kitts and Nevis - The Government of St. Kitts and Nevis has joined the international community in imposing tough financial sanctions on Russia and Belarus for their brutal war of aggression against Ukraine.

Cabinet Voted Unanimously to Implement Sanctions

In a move that underscores its commitment to upholding global norms and principles, the Cabinet of the Government of St. Kitts and Nevis voted unanimously to implement in full the sanctions imposed by the European Union, United States, and United Kingdom against hundreds of named Russian and Belarussian individuals and entities.

Immediate Pause on Citizenship Application Files

As part of this effort, the Citizenship by Investment (CBI) Unit has implemented an immediate pause on citizenship application files from all applicants from Russia and Belarus, regardless of whether or not they are on the sanctioned list. This move is in solidarity with US and European efforts to isolate the Russian government for its military invasion of Ukraine.

Government Spokesperson’s Statement

A Government spokesperson said: “We condemn in the strongest possible terms the unlawful aggression of the Russian Federation against the people of Ukraine. The Federation of St. Kitts and Nevis is choosing to implement these devastating and punitive sanctions announced by our Western friends against Russia. We stand with Ukraine and reaffirm our support for free democracies everywhere.”

CBI Unit’s Commitment to Integrity and Transparency

The CBI Unit will continue to work closely with its Due Diligence companies to ensure that Russian and Belarussian names are continually monitored against these sanctioned lists and to note any changes that may occur in the future. This commitment underscores the Government’s commitment to upholding the highest standards of integrity and transparency in its citizenship by investment program.

Previous Support for Ukraine

The Government’s decision to impose sanctions on Russia and Belarus comes on the heels of a UN General Assembly vote on March 2, 2022, where St. Kitts and Nevis voted in favour of a resolution demanding that Russia immediately end its military operations in Ukraine.