Finland unveiled plans for a full ban on property acquisitions by some foreign nationals as security concerns surfaced over purchases with links to Russia near critical infrastructure.
Antti Hakkanen Photographer: Simon Wohlfahrt/Getty Images --
“This is based on the war of aggression conducted by Russia and the assessment made about it,” Hakkanen told reporters in Helsinki, while adding that the proposal won’t explicitly name the neighboring country. The government will also look into “more effective” expropriation and oversight of assets “central to society’s safety and security of supply,” it said.
Over the years there have been numerous reports in Finland highlighting suspicious properties, some of which have contained fortifications with helipad fields, loss-making hotels kept afloat with owners linked to Russia as well as purchases in locations near critical infrastructure.
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