The European Commission's proposal would halt property deals with Russian citizens, residents and entities – prohibiting the sale or transfer, directly or indirectly, 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."
The EU is expected to outline its sixth package of sanctions this week.
The prohibition applies to Russians who are not EU citizens and lack a residency permit in EU member states. It doesn't apply to those who carry citizenship or residency in the European Economic Area or Switzerland.
