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St. Kitts and Nevis Imposes Tough Financial Sanctions on Russia and Belarus Amid Ukraine War

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St. Kitts and Nevis has taken a bold step by imposing harsh financial sanctions against Russia and Belarus for their brutal war of aggression against Ukraine. The decision was made by the Cabinet of the Government of St. Kitts and Nevis to replicate and 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.

Solidarity with International Efforts

The Citizenship by Investment Unit (CBI) has implemented an immediate pause on citizenship application files from all applicants from Russia and Belarus, regardless of whether they are on the sanctioned list. This move is aimed at demonstrating St. Kitts and Nevis’ strong condemnation of Russia’s unlawful aggression against Ukraine.

UN General Assembly Resolution

Earlier, on March 2, 2022, St. Kitts and Nevis voted in favor of the UN General Assembly resolution demanding that Russia immediately end its military operations in Ukraine. A government spokesperson underscored the country’s commitment to democracy and freedom, stating:

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

Ongoing Monitoring

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 note any changes that may occur in the future.