Russians, including those with Israeli citizenship, are having their transactions blocked in the EU, “hunting” for timber, and paying in rubles.

The Ministry of Defense of Finland has decided to block 11 real estate purchase deals by citizens of Russia, Israel, Kazakhstan, and Kyrgyzstan. The reason is the risks to national security associated with plots near the Baltic Sea.

Strategic Interests

The refusals concerned both residential and commercial properties located in strategically important areas. These territories are near the Baltic Sea, transport routes, and military zones. Defense Minister Antti Häkkänen emphasized that real estate could become a tool of hybrid influence.

The state has the right to block operations that may threaten defense capability or supply security. Suspicious deals were rejected to avoid risks of espionage and sabotage.

Risks and Suspicions

The government sees a risk of “covert control” over strategic objects in such purchases. Special attention is paid to plots near the coast, shipping channels, and key transport corridors.

Among the applicants are several Russian citizens. One of them, residing in the Czech Republic, planned to acquire forestry estates in Finland. Another Russian wanted to buy two adjacent plots in Puumala, with payment made in rubles the day before the agreement was signed.

Geopolitical Aspects

Besides Russians, the list of refusals includes citizens of Israel, Kazakhstan, and Kyrgyzstan. An Israeli citizen attempted to purchase a cottage in the Viitosaari area, although neither he nor his family had ever visited Finland. A citizen of Kazakhstan wanted to acquire an abandoned settlement in Punkaharju, having connections with high-ranking officials of the Russian government.

Also, two people with dual citizenship of Russia and Israel planned to buy a plot near maritime transport routes. Such acquisitions could be used for geopolitical purposes, posing a potential threat.

Control and Prices

The properties for which refusals were made are located in Mikkeli, Parainen, Puumala, and other places. The ministry’s decision has not yet come into final legal force but has already signaled increased control over foreign investments.

The cost of housing in Finland remains one of the highest in Northern Europe. In Helsinki, the price per square meter is about 3.5 thousand euros, in major cities — approximately 2.6 thousand euros. Despite this, demand from foreigners remains noticeable.

Minister Häkkänen emphasized that Finland uses all legal tools to protect its territory. Strengthening control over real estate transactions and banning entry to citizens of Russia and Belarus is part of this strategy.