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DK Calls on Govt to Release Names of Russian Residency Bond Buyers

MTI-Hungary Today 2022.03.01.

The opposition Democratic Coalition (DK) has called on the government to release the names of Russian nationals who have purchased residency bonds, securities whose buyers enjoy an accelerated procedure for permanent residency in Hungary.

At an online press conference on Monday, DK deputy leader László Varju also urged the government to review all Russian residency bond purchases.

Controversial Residency Bond Scheme Generated Loss for Hungarian State, New Investigation Shows
Controversial Residency Bond Scheme Generated Loss for Hungarian State, New Investigation Shows

The Orbán government’s controversial and much debated residency bond scheme generated an overall loss of €55 million for the Hungarian State’s budget, according to data investigative news site G7 received from the Government Debt Management Centre (ÁKK). G7 notes that the scheme was profitable in its first two years; however due to the too expensive returns from […]Continue reading

Varju said the government had granted permanent residency in Hungary and free movement in Europe to more than 1,200 Russian citizens through its residency bond scheme. He said DK wanted to know “how many Russian spies, saboteurs and oligarchs linked to [Russian President Vladimir] Putin” had been allowed into Hungary “in the name of the uncritical friendship with Putin”.

Varju said the press in the past had uncovered the identities of several Russian residency bond buyers, naming Sergey Naryshkin, the head of Russia’s foreign intelligence agency, Iliaz Muslimov, a former member of the Russian parliament, and Alexei Yankevich, a board member of a subsidiary of Russian energy giant Gazprom, and their families, as examples.

featured image via Szilárd Koszticsák/MTI


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