Finland Blocks Russian Real Estate Transactions

Finland's Defense Minister Antti Häkkänen has blocked the sale of seven properties to Russian citizens, citing national security concerns. The transactions involved one property in Pargas and five in Kokemäki, with the ministry emphasizing that such acquisitions could threaten national security and hinder the country's defense organization. This decision follows Finland's broader strategy to limit property purchases by Russian nationals, particularly in sensitive areas, amid escalating tensions due to Russia's invasion of Ukraine. Häkkänen noted that each case is carefully examined to assess potential risks. Additionally, the Finnish government is considering a more comprehensive ban on Russian property purchases. This latest move reflects Finland's shift from non-alignment to joining NATO, underlining its commitment to protecting national interests.