{"id":147945,"date":"2022-03-14T08:48:57","date_gmt":"2022-03-14T12:48:57","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=147945"},"modified":"2022-03-14T08:48:57","modified_gmt":"2022-03-14T12:48:57","slug":"caribbean-warned-of-possible-backlash-from-adopting-russian-sanctions","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/caribbean-warned-of-possible-backlash-from-adopting-russian-sanctions\/","title":{"rendered":"Caribbean warned of possible backlash from adopting Russian sanctions"},"content":{"rendered":"<div id=\"antig-1325929800\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-2933506547\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"PHOTO-2026-04-07-10-45-56\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/PHOTO-2026-04-07-10-45-56.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/PHOTO-2026-04-07-10-45-56.jpg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/PHOTO-2026-04-07-10-45-56.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/PHOTO-2026-04-07-10-45-56.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/PHOTO-2026-04-07-10-45-56.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><p><b>THE VOICE ST. LUCIA: Caribbean Community (CARICOM) member-states are being warned of possible economic backlashes from adopting US and UK-led sanctions against Russia for its continuing military intervention in Ukraine.<\/b><\/p><div id=\"antig-189661762\" class=\"antig-content_5 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ablpag\" aria-label=\"Full-ABLP-Team-Digital-Billboard-1920x1080px\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/01\/Full-ABLP-Team-Digital-Billboard-1920x1080px.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/01\/Full-ABLP-Team-Digital-Billboard-1920x1080px.jpg 1920w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:169\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/01\/Full-ABLP-Team-Digital-Billboard-1920x1080px.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:576\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/01\/Full-ABLP-Team-Digital-Billboard-1920x1080px.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:432\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/01\/Full-ABLP-Team-Digital-Billboard-1920x1080px.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:864\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/01\/Full-ABLP-Team-Digital-Billboard-1920x1080px.jpg 1536w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1920\" height=\"1080\"   \/><\/a><\/div>\n<p>Saint Lucia\u2019s Deputy Prime Minister and Minister for Tourism Dr Ernest Hilaire and regional Maritime Consultant Cuthbert Didier, both say Caribbean sanctions against targeted Russians can backfire, at least in the short-term.<\/p>\n<p>That\u2019s after Antigua &amp; Barbuda indicated, on March 4, it\u2019ll apply the sanctions against Russian citizens named on the US-UK lists \u2014 and suspend processing all Citizenship by Investment Program (CIP) applications from citizens of \u201cRussia, Belarus and Ukraine.\u201d<\/p><div id=\"antig-1344546927\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-3549815612\" class=\"antig-content_12 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ablpag\" aria-label=\"16cceddb-da5a-439f-8675-6fcc68a7421e\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1600\/h:800\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/16cceddb-da5a-439f-8675-6fcc68a7421e.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1600\/h:800\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/16cceddb-da5a-439f-8675-6fcc68a7421e.jpeg 1600w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/16cceddb-da5a-439f-8675-6fcc68a7421e.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:512\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/16cceddb-da5a-439f-8675-6fcc68a7421e.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:384\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/16cceddb-da5a-439f-8675-6fcc68a7421e.jpeg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:768\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/16cceddb-da5a-439f-8675-6fcc68a7421e.jpeg 1536w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1600\" height=\"800\"   \/><\/a><\/div>\n<p>Saint Lucia\u2019s Opposition Leader Allen Chastanet had earlier called for CARICOM to also adopting Washington and London\u2019s sanctions, including stopping Russian CIP applications.<\/p><div id=\"antig-4260105573\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ReggaeInTheParkAntigua\" aria-label=\"lucanio\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 1080w, https:\/\/mlavawteztbj.i.optimole.com\/w:240\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 240w, https:\/\/mlavawteztbj.i.optimole.com\/w:819\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 819w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1080\" height=\"1350\"   \/><\/a><\/div>\n<div class=\"code-block code-block-1\">\n<aside class=\"site-commerc\">\n<div class=\"commercial\"><ins class=\"adsbygoogle\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-3020451291369633\" data-ad-slot=\"6967770748\" data-adsbygoogle-status=\"done\" data-ad-status=\"filled\"><ins id=\"aswift_2_expand\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\"><ins id=\"aswift_2_anchor\"><\/ins><\/ins><\/ins><\/p>\n<div class=\"label\"><\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>But Hilaire does not feel Caribbean jurisdictions \u201cshould penalize people just because they happen to have been born in Russia.\u201d<\/p>\n<p>According to Hilaire, Saint Lucia\u2019s CIP processed 40 Russian applications between 2016 and 2021 and raised $97 million \u2014 and will continue to process \u201call applications\u201d based on its usual Due Diligence investigations.<\/p><div id=\"antig-4278310082\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"500X500 (1)\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n<p>The tourism minister, who also has responsibility for the island\u2019s CIP, assures that Saint Lucia \u201cwill not do business with banks and entities sanctioned by the United Nations, or our partners in the OECD (Organization for Economic Cooperation and Development).\u201d<\/p>\n<p>He says applications \u201cwill not be processed on the fallout of a war.\u201d<\/p><div id=\"antig-1001552981\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"CM key_WEB 1300x300_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1301\/h:301\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1301\/h:301\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 1301w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:69\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:237\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:178\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1301\" height=\"301\"   \/><\/a><\/div>\n<div class=\"code-block code-block-2\">\n<aside class=\"site-commerc\">\n<div class=\"commercial\"><ins class=\"adsbygoogle\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-3020451291369633\" data-ad-slot=\"6967770748\" data-adsbygoogle-status=\"done\" data-ad-status=\"filled\"><ins id=\"aswift_3_expand\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\"><ins id=\"aswift_3_anchor\"><\/ins><\/ins><\/ins><\/p>\n<div class=\"label\"><\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>Didier \u2014 a former long-serving General Manager of Saint Lucia\u2019s Rodney Bay Marina \u2014 says adopting sanctioning mega-yachts could stifle the burgeoning sector and struggling economies in small Caribbean island-states.<\/p><div id=\"antig-1113338110\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n<p>Islands prone to effects include: Antigua &amp; Barbuda, The Bahamas, Barbados, Bermuda, Cayman Islands, Turks &amp; Caicos Islands, Grenada, Saint Lucia, St Maarten, St. Thomas and St. Vincent &amp; The Grenadines \u2014 and the French and Dutch Caribbean \u2018Overseas Departments\u2019 and \u2018ABC Islands\u2019, respectively.<\/p>\n<p>Didier says he understands why some CARICOM nations may want to adopt sanctions against Russia, but \u201cThe danger is that, sadly, we will make Peter pay for Paul \u2013 and at a time when the Caribbean\u2019s mega-yacht industry is booming\u2026\u201d<\/p>\n<p>He says, \u201cRegistering these mega-yachts \u2014 whether Russian or Chinese, coming from Europe or the Asian region or the Pacific Rim \u2013 is big business.<\/p>\n<div class=\"code-block code-block-3\">\n<aside class=\"site-commerc\">\n<div class=\"commercial\"><ins class=\"adsbygoogle\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-3020451291369633\" data-ad-slot=\"6967770748\" data-adsbygoogle-status=\"done\" data-ad-status=\"filled\"><ins id=\"aswift_4_expand\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\"><ins id=\"aswift_4_anchor\"><\/ins><\/ins><\/ins><\/p>\n<div class=\"label\">Sponsored | Article continues below<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>\u201cHowever, I think in the long run as these investors \u2014 these same Russian billionaires \u2014 organise their papers, this will go away in about six months.\u201d<\/p>\n<p>Didier advises that the Caribbean \u201cneeds to realign our tourism product so (that) we can handle transparent paperwork in registering these mega-yachts and push to have them homeport in the Caribbean.\u201d<\/p>\n<p>He\u2019s accumulated decades of experience organising the world-famous annual Atlantic Rally for Cruisers (ARC) involving scores of yachts (sometimes over 100) racing across the Atlantic Ocean, from The Canary Islands to Saint Lucia.<\/p>\n<p>But while Didier may sound like the only Caribbean mariner sailing against the breeze on the Russian superyachts issue, Didier\u2019s definitely not alone in advising caution against Caribbean imposition of sanctions.<\/p>\n<div class=\"code-block code-block-4\">\n<aside class=\"site-commerc\">\n<div class=\"commercial\"><ins class=\"adsbygoogle\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-3020451291369633\" data-ad-slot=\"6967770748\" data-adsbygoogle-status=\"done\" data-ad-status=\"filled\"><ins id=\"aswift_5_expand\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\"><ins id=\"aswift_5_anchor\"><\/ins><\/ins><\/ins><\/p>\n<div class=\"label\">Sponsored | Article continues below<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>Many observers feel Caribbean governments \u201cshould not lose good and rare opportunities to do clean business\u201d with non-sanctioned Russians and feel the islands that can should use all opportunities to legally fuel and harbour mega-yachts, as a new part of an old industry.<\/p>\n<p>But as many also feel there may be \u201crisks\u201d of economic and political backlashes from the major nations behind the sanctions, should they achieve their goals.<\/p>\n<p>Still others feel the Caribbean should adopt the European Union\u2019s stance of not adopting the sanctions against Russia, which supplies 30% of their oil and 40% of their gas.<\/p>\n<p>India too, has joined Germany and other EU member-states in refusing to adopt the sanctions.<\/p>\n<div class=\"code-block code-block-5\">\n<aside class=\"site-commerc\">\n<div class=\"commercial\"><ins class=\"adsbygoogle\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-3020451291369633\" data-ad-slot=\"6967770748\" data-adsbygoogle-status=\"done\" data-ad-status=\"filled\"><ins id=\"aswift_6_expand\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\"><ins id=\"aswift_6_anchor\"><\/ins><\/ins><\/ins><\/p>\n<div class=\"label\"><\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>Meanwhile, CARICOM Heads of Government, at their March1-2 Intersessional Meeting in Belize, issued their latest statement \u201cOn the War and Humanitarian Crisis in Ukraine\u201d, in which they also expressed concern for safety and security of Caribbean and other \u201cnon-European\u201d citizens trying to flee Ukraine.<\/p>\n<p>But be all that as it may, the Biden Administration remains hell-bent on pursuing the targeted billionaires who raised their money on the Russian free market after the collapse of the Soviet Union in 1991 and moved mainly to Europe and the USA.<\/p>\n<p>Most acquired UK economic citizenship by investing at least one billion pounds (Sterling) or the equivalent in US dollars; and several also bought top UK and European football clubs, added to their superyachts and other extremely-valuable Europe and American-based properties.<\/p>\n<p>Now, they\u2019re banned from legally heading their UK-based companies, scrambling to hide, offload and otherwise secure cash and property through complicated share transfers involving interlocking family directorships.<\/p>\n<div class=\"code-block code-block-6\">\n<aside class=\"site-commerc\">\n<div class=\"commercial\"><ins class=\"adsbygoogle\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-3020451291369633\" data-ad-slot=\"6967770748\" data-adsbygoogle-status=\"done\" data-ad-status=\"filled\"><ins id=\"aswift_7_expand\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\"><ins id=\"aswift_7_anchor\"><\/ins><\/ins><\/ins><\/p>\n<div class=\"label\"><\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>\u201cWe are coming for your ill-begotten gains,\u201d President Joe Biden said recently of the scores of listed Russian billionaires friendly to his Russian counterpart targeted for sanctions by London and Washington last week.<\/p>\n<p>Indeed, Chelsea Football Club\u2019s owner Roman Abramovich (who also owns several yachts) was on Thursday added (with others) to the growing list of sanctioned Russian billionaires, in a move seen by many as taken to block his ability to sell Chelsea.<\/p>\n<p>His whereabouts were unknown Thursday, with some media speculating he may be on one of his yachts, possibly in the Caribbean.<\/p>\n<p>Whether more CARICOM states will follow Antigua &amp; Barbuda can\u2019t be predicted.<\/p>\n<p>Currently, the only one prepared to refuel Russian-owned yachts but will have absolutely-no-problem processing owners\u2019 applications for economic citizenship is St. Vincent &amp; The Grenadines \u2014 which never joined the other five members of the Organization of Eastern Caribbean States (OECS) that all have CIPs.<\/p>\n<p>Meanwhile, Dmitry Rybolovlev, owner of AS Monaco Football Club (and with many other assets in Europe and the USA) was tracked on his mega-yacht \u2018Anna\u2019, plying between the string of Grenadine islands shared between St. Vincent and Grenada.<\/p>\n<p>\u2018Anna\u2019, which purchased 40,000 gallons of fuel in St. Vincent &amp; The Grenadines last week, was also tracked spending several days anchored in Carriacou, (part of the three-island state of Grenada, Carriacou and Petit Martinique).<\/p>\n<p>Grenada has a CIP program.<\/p>\n<div id=\"antig-3936579030\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>THE VOICE ST. LUCIA: Caribbean Community (CARICOM) member-states are being warned of possible economic backlashes from adopting US and UK-led sanctions against Russia for its continuing military intervention in Ukraine. Saint Lucia\u2019s Deputy Prime Minister and Minister for Tourism Dr Ernest Hilaire and regional Maritime Consultant Cuthbert Didier, both say Caribbean sanctions against targeted Russians [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":23050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-147945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Caribbean warned of possible backlash from adopting Russian sanctions - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/caribbean-warned-of-possible-backlash-from-adopting-russian-sanctions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caribbean warned of possible backlash from adopting Russian sanctions\" \/>\n<meta property=\"og:description\" content=\"THE VOICE ST. LUCIA: Caribbean Community (CARICOM) member-states are being warned of possible economic backlashes from adopting US and UK-led sanctions against Russia for its continuing military intervention in Ukraine. 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