Wealthy Russians and oligarchs are reportedly buying as many as 4 apartments at once in Turkey in attempts to earn 'golden passports'

The CEO of Istanbul based real-estate company Golden Sign told The Wall Street Journal that wealthy Russians are buying as many as 4 apartments in Turkey at the same time in order to get citizenship there.

The Golden Sign CEO told the news agency that her company sells seven to eight units to Russians every day and that they often pay in cash or gold.

She told the news agency that her clients are wealthy Russians. She later told the Journal that some are. Golden Sign did not reply immediately.

Turkey has an investment-for-citizenship program that grants citizenship to foreign investors who purchase real estate worth at least $250,000.

Wealthy Russians looking to escape sanctions can get a Turkish passport in as little as three months.

Russian clients now outnumber her previous ones in Turkey, she told the Journal.

Turkey has become a popular location for the superyachts of billionaires. The country chose not to sanction Russia, thus creating a safe haven for their assets.

Turkish Foreign Minister Mevlut Cavusoglu said during the last week of March that Russian billionaires are welcome in Turkey as long as they follow international law.

If any Russian citizens want to visit Turkey, they can because we implement UN-approved sanctions. He told CNBC that Russians are coming to visit Turkey.

If it is legal and it is not against international law, then I will consider it, if you mean that these oligarchs can do business in Turkey.