Russia could limit real estate deals for foreigners - newspaper | Russia Beyond The Headlines

Russia could limit real estate deals for foreigners - newspaper | Russia Beyond The Headlines:

"The Russian Ministry of Economic Development is drafting a bill, in accordance with which an authorized agency will decide on selling or renting real estate to foreign citizens, the Izvestia newspaper reported on Tuesday citing representative of the Ministry of Economic Development Vladimir Zatomsky.
"The bill will be drafted within two weeks. It is planned that it will come into effect in Q1 2015," the newspaper quoted Zatomsky as saying.
The purpose of this bill is to prevent the formation of ethnic enclaves, the newspaper reported."

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