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Russians could be banned from buying real estate in the EU

Photo: ERA

The announced ban applies to Russians who are not EU citizens and do not have permission to reside in EU countries.

The announced sixth package of EU sanctions against the Russian Federation includes a ban on real estate transactions. This was reported by Bloomberg.

It was reported that the announced ban applies to Russians who are not EU citizens and do not have permission to reside in EU countries. Those with citizenship or residence in the European Economic Area or Switzerland will not be affected by the restrictions.

The proposed sanctions would prohibit the sale or transfer, directly or indirectly, of “ownership rights to immovable property located within the European Union or interests in businesses that provide access to immovable property. “

Let us remind you, negotiations on the oil embargo will continue on May 5th.

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Source: korrespondent

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