Russian properties Worth Over €35 Million Seized By Finland in Compliance with International Ruling Linked to The 2014 Crimea Compensation Case
Finland has seized over 40 properties and assets owned by the Russian state, valued at more than 35 million euros, in compliance with an international court ruling. The Finnish enforcement authority, as reported by Yle, released the list detailing these assets, which include prime real estate in Helsinki and other cities.
Prime Properties Frozen
The seized properties include the Russian Center for Science and Culture in Helsinki, which is now legally restricted from being sold or transferred. Other high-value sites in the Finnish capital include buildings on Nordenskiöldinkatu and Vattuniemenkatu, estimated at 7 million and 10 million euros, respectively. Apartments on Merikatu, Fredrikinkatu, and Punavuorenkatu, as well as properties in Turku and Kirkkonummi, are also on the list.
Local Authorities Caught Off Guard
Mika Akkonen, head of Turku’s international department, disclosed that local authorities were unaware of the specific uses for several seized apartments. Some, like an apartment on Sairashuoneenkatu in Turku, were previously used to house Russian consulate staff, highlighting the properties’ strategic importance.
Legal Context: Ties to Crimea Compensation Case
This move follows an April 2023 decision by the Hague-based international arbitration court, which ordered Russia to compensate Ukraine’s Naftogaz over 5 billion euros for losses sustained during the 2014 annexation of Crimea. Finland’s seizure of Russian assets aligns with this ruling, signaling ongoing international pressure on Russia amidst geopolitical tensions.
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