Summary
Headline: Russian property purchase ban moves forward in Latvia
Short Summary: Latvia advances a ban on real estate ownership by Russian and Belarusian citizens/entities, citing hybrid warfare and national security concerns.
Description and Notes
Latvia's parliament has given support to a bill to ban real estate purchases in Latvia by Russian and Belarusian citizens as a national security measure in response to the ongoing hybrid warfare threat posed by Russia. The restrictions also apply to legal entities based in Russia or Belarus, and asset ownership involving these citizens.
Notes: Political move to limit ??Russian economic presence in ??Latvia
Evidence
- "Latvia's parliament, the Saeima, gave support to a bill Thursday, February 20 that would ban real estate purchases in Latvia by Russian and Belarusian citizens."
- "It is also planned to impose such a ban on legal entities – such as businesses or charities – registered in Russia or Belarus."
- "The restrictions will also apply to legal entities in which citizens of these countries own at least 25 percent of the shares, or in which citizens of Russia or Belarus are the ultimate beneficial own..."
- "As the authors of the bill note, in parallel with the war in Ukraine, the Russian Federation is waging a hybrid war against other democratic and sovereign states that condemn the aggression launched b..."
Location
Location: Saemia, Latvia
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