As part of EU financial sanctions imposed in response to the Russian and Belarusian military invasion in Ukraine, the Estonian Police and Border Guard Board has informed e-Residency about some limitations imposed on Russia and Belarus.
The review of e-Residency applications from Belarusians and Russians has been halted, and no decision on whether to award e-Residency will be made until further notice.
The issuance of e-Residency digital ID cards has been halted at all of the official pickup sites.
For those with Belarusian or Russian citizenship, the opportunity to modify the e-Residency kit pickup location is presently unavailable.
Estonia’s e-residency is open to individuals from all countries (except for Russia and Belarus which have now been suspended). The majority of e-residents are digital entrepreneurs who seek to start and run a business in the European Union. Business owners, entrepreneurs, freelancers, consultants, and digital nomads can all use it. Citizens from other countries can use the e-residency programme to gain access to a variety of services in Estonia, including banking, company creation, processing, payment, and taxation.
The publication also added that “many private companies and service providers listed on the e-Residency Marketplace have decided to apply restrictions on account access and also on monetary transactions with Russia and Belarus.”
As a gesture of solidarity with the people of Ukraine, several financial services firms have opted to apply their own restrictions in addition to the sanctions.
Source: e-Resident
