The Latvian Parliament adopted a bill on Thursday that prohibits Russian and Belarus citizens from buying real estate in the Baltic country, according to MTI.

The regulations adopted by the Riga legislation also cover legal entities that are based in two countries adjacent to Latvia. In the justification of the legislature,Moscow refers to a warfare of a hybrid against countries supporting the leadership of kiev.

As one of the tools of gaining influence through non -military assets, the legislation has named the indirect acquisition of real estate in other countries. In addition, the Riga Parliament said in a statement that Russia had justified its military operations to protect its citizens. There is a significant Russian -speaking minority in Latvia. The Baltic state has previously suspended residence permits and visas to Russian citizens.

“Russia had justified its military operations to protect its citizens.”

Background on Latvia’s Security Concerns

The new legislation reflects growing concerns in Latvia regarding potential foreign influence and national security. The ban aims to limit the ability of Russian and Belarus citizens and entities to exert influence through property ownership.

Impact on Russian-Speaking Minority

With a significant Russian-speaking minority in Latvia, the government has previously taken steps to suspend residence permits and visas to Russian citizens. This new law adds another layer of restrictions, potentially impacting the real estate market and foreign investment.