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Finland wants to ban Russian real estate purchases

» Updated: 02 September 2024, 23:57

» Published: 02 September 2024

Finland wants to ban Russian real estate purchases
Photo: Heiko Junge NTB/TT

Finland's government has drafted a proposal that would in practice mean a ban on Russian citizens and various types of organizations from Russia buying real estate in Finland, according to a press release from the country's Ministry of Defence.

The proposal is now being sent out for consultation, and the government hopes to be able to present a concrete legislative proposal to the parliament in Helsinki already this year.

"We must identify and neutralize in advance such risks that, if realized in times of crisis, can seriously jeopardize society's functionality and the population's security", says Finland's Minister of Defence Antti Häkkänen according to the press release.

The proposal is to introduce a ban on individuals or associations that have been found by the EU to violate another state's territorial integrity, sovereignty, and independence, and whose home country can pose a threat to Finland's national security.

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By TTThis article has been altered and translated by Sweden Herald

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