The EU country will forbid Russians to buy real estate: the bill is already in parliament

06 February 2025, 23:19 | Markets
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Finland authorities promote their plan, which provides for the ban on citizens of the Russian Federation to buy real estate in the country. The Ministry of Defense relevant law has already submitted to the local parliament.

According to Bloomberg, this is explained by fears of security, given that Finland and Russia have almost 1.3 thousand. km of a common border. Particular attention is paid to potential buyers with citizenship of the Russian Federation or dual citizenship of the aggressor country.

" He added that given the threats of security in Europe, the real estate companies can be "

Such plans of the Finnish authorities became known in September. It was then that among local politicians and the public, concern about the safety of real estate transactions that Russians or related structures near critical infrastructure objects bought. In particular, the Russian oligarch Igor Kesaev, who was suspected of relations with the FSB and the production of weapons, acquired an island in the area of \u200b\u200bLake Saimaa, located 100 km from the Finnish-Russian border.

The law is planned to be extended not only to citizens of the Russian Federation, but also to those whose country wages an aggressive war and may pose a threat to national security. It is an enhanced version of the already adopted legislative initiative, which allows the state to intervene in real estate operations in national security before they are taking place, which allowed to block a number of agreements. In addition, Finland is considering the possibility of real estate confiscation for security reasons.

Finland became the first country of the European Union, introducing such restrictions on Russians. But this was an example for others - about the ban on citizens of Russia and Belarus to buy land thought in Latvia, Lithuania, Estonia and Poland.

Based on materials: bloomberg.com



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