The Speaker of the Seimas Favorably Views the Idea of Restricting Opportunities for Russians and Belarusians to Acquire Real Estate
The Speaker of the Lithuanian Parliament supports proposals to limit real estate purchases by Russians and Belarusians, particularly near sensitive national security locations.
The Speaker of the Lithuanian Parliament, addressing the media, expressed support for the idea of restricting Russians and Belarusians from purchasing real estate in Lithuania. This proposal comes in light of ongoing concerns regarding national security, driven by past instances of property acquisitions near military installations. The Speaker mentioned the need to establish specific requirements and zones where such purchases could be limited to protect national interests.
On Tuesday, opposition Conservative lawmakers registered a proposal stating that Russians and Belarusians living in Lithuania with temporary permits should not be allowed to acquire real estate. Exceptions would be made for those who hold permanent residence permits and for individuals inheriting property. This reflects a growing trend in Lithuania to tighten regulations regarding foreign ownership in sensitive areas, aiming to prevent potential security risks associated with foreign investments.
Additionally, while the current regulations already prohibit Russian citizens from acquiring property in Lithuania, those who are permanent residents are still able to do so. However, the proposed measures would introduce stricter controls, particularly concerning real estate near critical infrastructure and military lands, unless it can be confirmed that the transaction does not pose a threat to national security. This development indicates a significant shift in Lithuania's approach to foreign investments as it seeks to mitigate any risks to its sovereignty and security.