St. Lucia CEO Mc Claude Emmanuel said in an interview with "Investment Immigration Insider" that although he understands the need to unite the international community, he does not agree with Russians who refuse good character, saying that Caribbean countries are lobbying against one-size-fits-all. In addition, he pointed out that only when Caribbean banks recognize Russians will the jurisdictions re-accept them.
"From the internal perspective, we feel the impact of the situation in Russia and Ukraine," said Mc Claude Emmanuel. "Russia is the top five applicants in the fiscal year 2021-2022."
At the same time, he also stated that the growth rate of markets in other sources offsets and even exceeds the impact of Russian absences, and demand from North America, China, and the Middle East markets continues to grow.
When asked why St. Lucia decided to suspend acceptance of Russian applicants and how the five Caribbean jurisdictions coordinated (they suspended the application qualifications of Russian and Belarusian applicants in the two weeks in March) ( please see: All: St. Lucia became the fifth investment and naturalization program in the Caribbean to suspend the application of Russian and Belarusian ), Mc Claude Emmanuel said that Caribbean countries responded very quickly to the conflict between Russia and Ukraine, but their positions were not consistent.
"We did not cooperate or coordinate before the suspension order was introduced. We responded quickly, and to some extent, they were unilateral actions. We didn't have many choices," he said, suggesting that the decision was affected by external pressure.
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