Paper: Finland blocks sale of real estate near Lapland airport to Russian buyer | New

The sale of real estate and land near airports can be seen as potentially presenting strategic military risks.

The property at the center of the proposed deal is located next to Rovaniemi Airport in Finnish Lapland. Image: Raimo Torikka/Yle

Finnish state intervened to block sale of industrial property to Russian buyer, citing national security concerns, report says (siirryt toiseen palveluun) by the tabloid Ilta-Sanomat.

The newspaper added that the Ministry of Defense confirmed the report.

A Russian citizen had inquired about purchasing the empty property, located very close to Rovaniemi airport. However, the sale of real estate and land near airports can be seen as potentially presenting strategic military risks.

The Ministry of Defense told IS that the decision to preemptively block the deal was taken in June, but nothing has been finalized yet.

The law on the right to refuse permission to buy real estate in Finland came into force on January 1, 2020.

The law decrees that individuals who are not nationals of European Union (EU) or European Economic Area (EEA) states and companies or other entities domiciled outside the EU and EEA must obtain permission from the Finnish authorities to buy real estate in Finland.

According to Ilta-Sanomot, the Rovaniemi case was only the second time that the Finnish state made use of its right of refusal.

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