INSUBCONTINENT EXCLUSIVE:
Finlands government on Thursday proposed a restriction on residential or commercial property purchases by nationals of countries that wage
wars of aggression, a relocation that would effectively limit property deals by Russian citizens.The proposal would bar individuals from
nations waging a war of aggressiveness and positioning a prospective danger to Finlands nationwide security from purchasing home in the
nation, the government said.The federal government has just decided to send a proposal to parliament to ban real estate transactions by
Russians in Finland, Finnish Defense Minister Antti Hakkanen informed press reporters
Our objective is to enhance the security of Finland and the Finnish people.While the costs does not explicitly point out Russia, Hakkanen
stated the current security environment implied Russia and Russian nationals and business are the ones concerned.Finland, which shares a
border with Russia, blocked a number of property acquisitions by Russian individuals and companies in 2015, mentioning national security
risks.According to Hakkanen, the costs intends to prevent home from being used for large-scale hostile impact, such as intelligence
gathering and possible sabotage.The constraints would not use to individuals holding a permanent house permit in Finland or a long-lasting
European Union home permit released by Finland.To prevent circumvention through so-called dummy purchaserswhere somebody purchases home on
behalf of another to conceal the true purchasers identity the costs consists of arrangements for an authorization requirement, the ministry
said.Parliament is expected to vote on the bill later on this spring, Hakkanen stated.
