Finland moves to ban Russian real estate purchases over security risks

The decision is driven by national security threats linked to Russia’s actions on the international stage.

The ban applies to countries engaged in aggressive wars and posing a threat to Finland’s security. Restrictions will affect not only individuals but also legal entities registered in such states, as well as companies under their influence.

Finnish Defense Minister Antti Häkkänen said that foreign ownership of real estate could be exploited for hostile influence.

"Russia continues to pose a security threat in Europe," he explained.

"These threats can impact the economy, infrastructure, business, supply security, or even the state’s ability to protect its citizens. We aim to minimize any risks to the safety of Finnish nationals."

The new law will reduce the number of applications for real estate purchases, allowing authorities more time and resources to thoroughly assess each case. This measure is designed to prevent potential abuses and mitigate risks to national security.