Wealthy Russians are buying as many as 4 apartments at a time in Turkey. Turkish citizenship can be earned by foreigners who buy real estate worth $250,000. Turkey's foreign minister previously said that billionaires are welcome to invest in the country. 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. One of the fastest turn around times in Europe is when investors can earn 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. While the country denounced the war on Ukraine, it chose not to sanction Russia, thus creating a physical and financial safe haven for billionaires. The foreign minister of Turkey said that Russian billionaires are welcome in the country 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. The original article is on Business Insider. 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Chimaev is named Chimaev. Facts that will change the way you see this classic. The Florida amusement park ride where a teenager fell to his death last month is an immediate serious danger to public health. The White House announced measures against Katerina Tikhonovna and Maria Vorontsova. Russia on Thursday appeared to give the most damning assessment so far of its invasion, describing the economic hit as Ukrainians were evacuated from eastern cities before an anticipated major offensive. More than 4 million people fled abroad, thousands were killed or injured, and a quarter of the population was homeless as a result of Moscow's six-week incursion. The UN General Assembly suspended it from the U.N. Human Rights Council because of its grave concern at the ongoing human rights and humanitarian crisis.Business Insider
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