Arcadi Gaydamak set to give up Israeli citizenship

His Russian citizenship was revoked in the 1970s when he moved to Israel.

“IDF Radio" (Galei Zahal) reports that Arcadi Gaydamak has asked the Russian Ministry of the Interior to reinstate his Russian citizenship, which was revoked in the 1970s when he moved to Israel. Since Russian law does not permit dual nationality, Gaydamak will have to give up his Israeli citizenship to get his Russian citizenship back.

Gaydamak's lawyer told “IDF Radio", "He asked for his Russian citizenship to be restored a few days ago. He is making an effort to win back his previous citizenship, which means that he will have to forego his Israeli citizenship."

Gaydamak's lawyer added that Gaydamak will probably sell his stake in the Betar Jerusalem Football Club. "It's true that news about his plans changes every day. I don’t think, based on what I believe, that he will keep Betar Jerusalem." He added that Gaydamak was unlikely to return to Israel in the coming months."

Published by Globes [online], Israel business news - www.globes-online.com - on February 26, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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