US EditionLatvia Prohibits Russian, Belarusian Citizens From Purchasing Real Estate
17 Articles
17 Articles
The Seym of Latvia prohibited citizens of Russia and Belarus from buying real estate in the country, and the law was adopted in the third, final, reading.
The Kyiv Independent
einnews.comLatvia prohibits Russian, Belarusian citizens from purchasing real estate
The bill — which carves out exceptions for EU and Latvian permanent residence holders, Belarusian refugees, and repatriates — establishes the new restrictions under the pretenses of protecting the country's national security.
Latvia prohibits citizens from Russia and Belarus from buying real estate.
Riga landscape. Illustrative photo: Moyaeuropa The Latvian Seimas has adopted a law that prohibits citizens of Russia and Belarus from concluding new agreements to purchase real estate in the country. According to the Latvian public broadcaster LSM, the restrictions apply to both individuals and legal entities from the Russian Federation and Belarus. The law will not have retroactive effect - owners who have already purchased real estate before …
Politico writes about this. The new law provides for a ban on the purchase of real estate for citizens of Russia and Belarus, as well as companies in which they own 25% or more. However, exceptions are provided for citizens of the EU and Latvia who have permanent residence in Russia and Belarus, as well as for Belarusian refugees and returnees. This is a step aimed at limiting the influence and presence in Latvia of persons and companies that ar…
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