The news of À Punt TV, the regional public channel of the Valencian Community, have interviewed Miguel López Barbero, managing partner of ML International Lawyers, to explain the effects that the economic sanctions applied to Russia after the invasion of Ukraine are having on investors of this nationality who live in Alicante.
The province of Alicante is the fourth in Spain with the most investments by Russian citizens and the Costa Blanca is one of the areas of Spain where the largest real estate purchase has been made in recent years. The economic sanctions applied to Russia make some Russian citizens interested in selling properties to obtain liquidity at this time. As Miguel López explains in the interview, "since the announcement of the sanctions, Russian clients have not stopped calling" to receive advice regarding the situation generated.
Miguel López explains that at this time great uncertainty has been generated among Russian citizens, because measures are already being taken in different countries of the European Union to make it difficult to access the assets that these investors have abroad. ML International Lawyers is an expert firm in advising foreigners, both on residence and investment issues. And it is currently assisting its clients to provide them with answers to the needs they may have.