Finland freezes assets of Russians for almost 200 million euros

Finland, within the framework of sanctions due to the war in Ukraine, froze Russian assets in the amount of 187 million euros. This is reported by Yle with reference to the representative of the Finnish Foreign Ministry Pia Saarivaara.

“These are real estate, stocks, cars, yachts, airplanes. All sorts of valuable property,” Saarivaara specified. The Finnish authorities did not name the specific owners of the seized property.

In September, the Finnish authorities froze the assets of Russian billionaires and oligarchs close to Vladimir Putin. The decisions affected the local assets of Yandex as part of EU sanctions against co-founder of the company Arkady Volozh, the territory of the Långvik resort owned by Roman Rotenberg, and a stake in Helsinki Halli, 22.5% of which is owned by Gennady Timchenko.

In October, Finnish Defense Minister Antti Kaikkonen admitted in an interview with Aamulehti that property belonging to the Russians could be expropriated if necessary. The condition for expropriation may be the presence of property in the territory important for the security of the country. Kaikkonen clarified that “one should not think that all transactions of Russians with real estate in Finland pose security risks.”

After the start of the war in Ukraine, Finland, together with Sweden, applied to join NATO. The accession of the two Scandinavian countries to the bloc is at the stage of ratification by the allies.

The Kremlin called the entry of Finland and Sweden into NATO a threat to Russia. On the eve of the Ministry of Defense announced the formation of a military district on the border with Finland – in the Leningrad region, as well as the creation of a new army corps in Karelia, which also borders Finland.

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