EU To Block Russians From , Buying Real Estate in Europe.<br />EU To Block Russians From , Buying Real Estate in Europe.<br />'Bloomberg' reports that in its <br />sixth package of sanctions amid <br />Vladimir Putin's invasion of Ukraine, .<br />'Bloomberg' reports that in its <br />sixth package of sanctions amid <br />Vladimir Putin's invasion of Ukraine, .<br />the European Union has included a ban on property transactions with Russians.<br />The proposal put forth by the European Commission would stop property deals with Russian nationals, residents or entities.<br />'Bloomberg' reports it would halt <br />the sale or transfer 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.”.<br />The measure doesn't apply to Russians <br />who are citizens of or reside in the <br />European Economic Area or Switzerland.<br />The measure doesn't apply to Russians <br />who are citizens of or reside in the <br />European Economic Area or Switzerland.<br />It only applies to those who aren't EU citizens and don't have a permanent residency in EU member states.<br />But the plan, which may be subject to change, <br />must first be endorsed by EU member states <br />this week before going into effect.<br />'Bloomberg' reports that numerous Russian billionaires bought property in the EU following the collapse of the Soviet Union.<br />Over a dozen superyachts belonging to Russia's richest have been seized in European ports since <br />the beginning of the war in Ukraine.<br />Over a dozen superyachts belonging to Russia's richest have been seized in European ports since <br />the beginning of the war in Ukraine.<br />One of the most notable vessels that has been detained, Dilbar, belongs to Alisher Usmanov. .<br />One of the most notable vessels that has been detained, Dilbar, belongs to Alisher Usmanov. .<br />Usmanov has been sanctioned <br />by the EU, U.K. and U.S
