Finland's Defense Ministry blocked three planned property acquisitions by Russian nationals due to concerns that they would "hinder" national defense, the ministry said in a press release on Oct. 19.
The sales that were rejected were in the Finnish localities of Ruokolahti and Kitee, both located about 25 kilometers from the Russian border.
On Oct. 14, it was reported that Finland was considering banning Russian citizens and other non-European Economic Area (EEA) citizens from purchasing certain types of property in Finnish territory, citing security concerns.
Finnish Defense Minister Antti Hakkanen said that a complete ban was also under consideration.
The tightened restrictions on the purchase of real estate by foreigners would also include foreign companies.
A militarily neutral country for decades, Finland joined NATO in April 2023, a little more than a year after the beginning of Russia's full-scale invasion.