April 14, 2025

Finn-ancial Crisis?


Finn-ancial Crisis?
Finnish and Russia border posts glare at each other. The Russian Life files

On April 11, the parliament of Finland unanimously enacted a law that prevents Russian citizens from owning real estate in Finland.

The new statute states that any citizen of a country engaged in an "aggressive war and who may pose a threat to the country's [that is, Finland's] national security" may not purchase real estate. Those with dual citizenship or permanent residency are exempt, but are still subject to investigation should they choose to buy property.

The goal seems to be to specifically target wealthy Russians, many of whom are a part of the Putin regime, from making investment purchases.

Finland, which shares a 830-mile-long border with Russia, has turned closer and closer towards the West since Russia began its war in Ukraine. In May 2022, just a couple months after the invasion began, Finland reversed its decades-long neutrality and joined NATO.

More recently, Finland has shored up its border fences and prevented cars with Russian plates from entering the country.

Tensions continue to simmer.

 

You Might Also Like

What's in a Fame?
  • November 20, 2023

What's in a Fame?

An internet metric names the most famous historical person from Russia. They aren't Russian.
A Finnish Finish
  • October 03, 2017

A Finnish Finish

Our last stop on the Children of 1917 expedition was Finland, namely Tampere, the country's second largest city, where we met our final two heroes.
Like this post? Get a weekly email digest + member-only deals

Some of our Books

The Moscow Eccentric
December 01, 2016

The Moscow Eccentric

Advance reviewers are calling this new translation "a coup" and "a remarkable achievement." This rediscovered gem of a novel by one of Russia's finest writers explores some of the thorniest issues of the early twentieth century.

Life Stories
September 01, 2009

Life Stories

The Life Stories collection is a nice introduction to contemporary Russian fiction: many of the 19 authors featured here have won major Russian literary prizes and/or become bestsellers. These are life-affirming stories of love, family, hope, rebirth, mystery and imagination, masterfully translated by some of the best Russian-English translators working today. The selections reassert the power of Russian literature to affect readers of all cultures in profound and lasting ways. Best of all, 100% of the profits from the sale of this book are going to benefit Russian hospice—not-for-profit care for fellow human beings who are nearing the end of their own life stories.

Murder and the Muse
December 12, 2016

Murder and the Muse

KGB Chief Andropov has tapped Matyushkin to solve a brazen jewel heist from Picasso’s wife at the posh Metropole Hotel. But when the case bleeds over into murder, machinations, and international intrigue, not everyone is eager to see where the clues might lead.

Russian Rules
November 16, 2011

Russian Rules

From the shores of the White Sea to Moscow and the Northern Caucasus, Russian Rules is a high-speed thriller based on actual events, terrifying possibilities, and some really stupid decisions.

The Little Humpbacked Horse
November 03, 2014

The Little Humpbacked Horse

A beloved Russian classic about a resourceful Russian peasant, Vanya, and his miracle-working horse, who together undergo various trials, exploits and adventures at the whim of a laughable tsar, told in rich, narrative poetry.

How Russia Got That Way
September 20, 2025

How Russia Got That Way

A fast-paced crash course in Russian history, from Norsemen to Navalny, that explores the ways the Kremlin uses history to achieve its ends.

Faith & Humor
December 01, 2011

Faith & Humor

A book that dares to explore the humanity of priests and pilgrims, saints and sinners, Faith & Humor has been both a runaway bestseller in Russia and the focus of heated controversy – as often happens when a thoughtful writer takes on sacred cows. The stories, aphorisms, anecdotes, dialogues and adventures in this volume comprise an encyclopedia of modern Russian Orthodoxy, and thereby of Russian life.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955