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The right of more than 700 wealthy Russians to live in the UK is under review as the government mulls new ways of curtailing the power and influence of the Kremlin following the Salisbury poisonings.

Home Office sources have told the Observer that ministers believe there may need to be further restrictions on the issuing of visas to overseas investors. This follows a decade when hundreds of well-connected Russians, many of whom are allies of Vladimir Putin and include several prominent oligarchs, have been allowed to make the UK their home in return for investing as little as £1m.

Kremlin critics and anti-corruption groups, who have long complained that the UK has made it too easy for Putin’s allies to reside in the UK, welcomed confirmation of the crackdown.

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