Trump said sales of the new visa, a high-price version of the traditional green card, would bring in job creators and could be used to reduce the US national deficit.
The Republican president, who has made the deportation of millions of undocumented migrants a priority of his second term, said the new card would be a route to highly prized US citizenship.
Sales of the cards would start in about two weeks, Trump added.
The billionaire former real estate tycoon said that all applicants for the new gold cards would be carefully vetted.
“Possibly. I know some Russian oligarchs that are very nice people. It’s possible,“ Trump said. “They’re not as wealthy as they used to be. I think they can. I think they can afford $5 million.”
Trump has caused shock in European capitals by suddenly opening negotiations with Russia to end the war, amid fears that he could be willing to sell Ukraine short.
US Commerce Secretary Howard Lutnick, standing at Trump’s side in the Oval Office, said of the gold cards that “we can use that money to reduce our deficit.”
“Somebody said, ‘Can we call it the Trump gold card?’ I said, ‘If it helps, use the name Trump,‘” he said.
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