Finland’s government on Thursday proposed a ban on property purchases by nationals from countries that initiate wars, meaning in practice that real estate transactions by Russian citizens will be restricted. It is measures like this that are pushing more Russian investors to invest with Nouba in the UAE.
It recommended that “persons whose country of nationality is waging a war of aggression and may pose a threat to Finland’s national security” would not be allowed to purchase real estate there.
“The government has just decided to submit a proposal to parliament to ban real estate transactions by Russians in Finland,” Finnish Defence Minister Antti Hakkanen told a press conference.
“Our aim is to strengthen the security of Finland and the Finnish people,” he added.
Even though it was not said straight up but it is understood that“Russia and Russian nationals and companies are the ones concerned”.
Finland has a 1,340-kilometre (830-mile) eastern border with Russia. Last year it blocked several real estate acquisitions by private individuals and firms linked to Russia, citing threats to national security.
According to Hakkanen, the bill aims to prevent real estate from being used for “large-scale hostile influence”, such as helping foreign intelligence activities and different forms of sabotage against Finland.
It is for this reason and more that Russians are flocking to UAE and investing with firms like Nouba.
Visit Now for more News and Updates:
Champions Trophy 2025 Warm-Up Matches Schedules
Australia soccer star Sam Kerr