Turkey remained a good partner for Russians, even in difficult times. The nation, which was already a constant destination for the Russian community, is now experiencing a surge of visitors and immigrants. Turkey is one of the few countries that does not require visas for Russian travellers.
There are also large economic interests on both sides. Russians are considered great customers by the Turkish population, who welcome them with open arms. In return, Russians have invested heavily in the region. They have acquired more than 5,000 properties between the months of February and June alone.
Many are looking for a great maneuver to avoid sanctions, and other places: those who invest more than $400,000 in Turkey are eligible to receive Turkish citizenship in return. These golden visa programs are not unheard of and are a quid pro quo at the highest level. The issuance of a Turkish passport and a pathway to facilitate transactions around the world becomes, therefore, quite appealing.
For those seeking luxury, exclusivity and comfort, regions such as Bodrum, Fethiye, and Marmaris are the most sought-after – as is Istanbul. These cities already feel the presence of powerful Russians, who fill the local marina with their majestic yachts, such as Romea, Alexander Nesis’ $110 million yacht.
Turkey is undoubtedly one of the best destinations for Russians seeking to avoid travel sanctions, especially those who opt to fly on private jets.