Bloomberg: EU Plans to Block Russians From Buying European Real Estate
The European Union added a ban on property transactions with Russian nationals to its sixth package of sanctions designed to raise pressure on Vladimir Putin.
The European Commission’s proposal would halt
property deals with Russian citizens, residents and entities -- prohibiting the sale or transfer, directly or indirectly, of “ownership rights in immovable property located within the territory of the Union or units in collective investment undertakings providing exposure to such immovable property,” according to the legal text seen by Bloomberg News.
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Update #1: EU plans to block Russians from buying European real estate – Bloomberg (The New Voice of Ukraine)
Update #2: Russians may be banned from buying EU real estate (RT)
WNU Editor: This is the next phase of EU sanctions. EU sanctions will no longer directed at the Russian government, government officials, institutions and businesses. What we will now see is an EU shift to impose collective punishment on the country's citizens.
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