Russians will be allowed to buy property in Europe because of the principled position of Cyprus - Bloomberg

31 May 2022, 06:14 | Peace
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The ban on the acquisition by Russian citizens of real estate in Europe, previously considered as one of the possible restrictive measures, will not be included in the new EU sanctions package. It is reported by Bloomberg, citing its own sources..

According to the agency, the ban on buying real estate in the EU by Russians was removed from the previous version of the text of the document due to the principled position on the part of Cyprus..

Back in early May, the European Union proposed to ban real estate transactions in the territory of the union with citizens, residents and legal entities of the Russian Federation.. Sanctions were to apply to Russians who are not EU citizens and do not have a residence permit in the Union countries. The ban should not have affected those who have citizenship or residence permit in the European Economic Area or Switzerland.

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Recall that the position of Cyprus regarding real estate is only one of the obstacles to the adoption of the sixth package of EU sanctions against Russia. Hungary still does not agree to the introduction of an oil embargo and continues to set its own conditions for the European community.

The day before, the head of the European Commission, Ursula von der Leyen, said that she did not expect a new package of sanctions against the Russian Federation to be agreed upon during the two-day summit of EU leaders that began in Brussels, since there is still no unity among the countries of the union on a number of issues..

Despite sanctions, Russia imports oil, gas and coal around the world without any problems. This conclusion was reached by experts from the Center for Energy and Clean Air Research (CREA), after analyzing data on the supply of fossil fuels from the Russian Federation over the past two months.. We publish, and Lauri Millivirta and Konstantin Krinitsky describe the research "




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