Latest / IMI Podcasts / Vanuatu Reverses Russia Ban, Calls Original Memo a “Clerical Error”
Transcript
- 0:00SPEAKER_00: Two days after a memo from Vanuatu's citizenship office appeared to bar Russian and Sudanese nationals from the country's citizenship by investment programs, the Citizenship Commission has retracted it in full.
- 0:12SPEAKER_00: Chairman Charlie Maniel, in a follow-up memo dated March eleventh and copied to Prime Minister Jotham Nepot, confirmed that the original notice was released in error.
- 0:23SPEAKER_00: Quote, following an internal review, the Commission confirms that there have been no additions to the list of restricted or sanctioned countries applicable to the Vanuatu citizenship by investment programs.
- 0:35SPEAKER_00: End quote, the clarification states.
- 0:38SPEAKER_00: The original memo signed on March 9th by Jack Kanas, manager of compliance and due diligence, had instructed all designated agents that Russia and Sudan were being added to Vanuatu's restricted nationalities list.
- 0:52SPEAKER_00: That instruction prompted immediate speculation across the investment migration market about Vanuatu's motives and the potential revenue impact of losing Russian applicants, a demographic that had grown in importance since Caribbean programs banned them in 2023.
- 1:09SPEAKER_00: Manuel's memo dispels that reading entirely.
- 1:26SPEAKER_00: It reads, Subject to the standard and rigorous due diligence processes conducted by the relevant authorities.
- 1:34SPEAKER_00: An internal investigation is now underway.
- 1:37SPEAKER_00: Manuel wrote that the review will determine how this clerical error occurred, and that safeguards will be put in place to prevent a similar situation in the future.
- 1:47SPEAKER_00: His apology was direct.
- 1:50SPEAKER_00: Quote, the Commission sincerely apologizes to all agents and stakeholders for any confusion this communication may have caused, end quote, Maniel wrote, adding that the Commission appreciates your continued cooperation in supporting the integrity and reputation of Vanuatu's citizenship by investment programs.
- 2:10SPEAKER_00: Daniel Agius, managing director at VIMB Services Limited, said the rapid correction was reassuring.
- 2:17SPEAKER_00: Quote, the memo misstep was unfortunate, but the swift clarification restored certainty and reinforces the government's focus on transparency, strong due diligence, and long-term program integrity.
- 2:30SPEAKER_00: End quote, Agius observed.
- 2:32SPEAKER_00: Having worked closely with the program for years, he added that Vanuatu's commitment to a stable, well-regulated citizenship program remains clear.
- 2:42SPEAKER_00: This episode first appeared as an article by Amada Bas on IMIDaily.com.
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