Event 1723ef31-e8a3-44fb-95c2-fef110a1675b

Approved event from Hybrid War Tracker

Status: Approved Confidence: Low Category: Uncategorized Country: Latvia

Source: https://eng.lsm.lv/article/politics/saeima/20.02.2025-russia...

🕐

Event Time

10mo ago

➕

Created

1mo ago

✏️

Updated

1mo ago

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

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.

Evidence

Quotes

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 owners.

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 by Russia or provide support to Ukraine in the fight against it, Latvia is among these states.

Source

https://eng.lsm.lv/article/politics/saeima/20.02.2025-russian-property-purchase-ban-moves-forward-in-latvia.a588590/