Finland Moves to Ban Russian Nationals From Buying Property

Finland moves to ban Russian property purchases

Finland has introduced legislation to ban property purchases by Russian nationals, citing national security risks. The government submitted the bill to parliament on 6 February, proposing restrictions on individuals and entities from countries engaged in aggressive wars that pose a potential threat to Finland. The proposed law would prohibit real estate acquisitions by Russian citizens, Russian-owned companies, and other entities under Russian i…

A new law is intended to curb Russian real estate purchases in Finland - including through shell companies. Defense Minister Häkkänen warns that properties are being used for sabotage purposes.

The Finnish government is submitting a bill to parliament that would prohibit citizens of "warring countries that pose a threat to Finnish national security" from buying property in the country, the government announced, in response to which the Finnish Defense Minister said: Helsinki is targeting Russian citizens.

The government of Finland submitted to parliament a law restricting real estate transactions for Russian citizens. The reason is a threat to national security.

Finland wants to ban Russian citizens from buying real estate.

Finland Moves to Ban Russian Nationals From Buying Property

Finland’s government on Thursday proposed a ban on property purchases by nationals of countries that wage wars of aggression, a move that would effectively restrict real estate transactions by Russian citizens.