Russia

Share of foreign landowners in Russia down threefold over six years — expert

TASS English · 2026-07-28

AI SUMMARY

• What happened: The share of foreign landowners in Russia has decreased more than threefold since 2020, dropping from nearly 5% to an estimated 1.5% by 2026, according to expert Maxim Chernyadyev. This decline is attributed to new restrictions and sanctions affecting foreign ownership. • Why it matters: The reduction in foreign land ownership reflects a significant shift in Russia's land ownership landscape, influenced by government policies aimed at protecting national interests and borders, particularly in sensitive areas. • What to watch next: Observers should monitor further developments in Russian land ownership laws, especially regarding foreign investments and potential changes in sanctions or restrictions that could impact foreign entities looking to invest in Russian land.

Share of foreign landowners in Russia down threefold over six years — expert According to Maxim Chernyadyev, foreign individuals and legal entities accounted for almost 5% of the total land area in Russia in 2020MOSCOW, July 28. /TASS/. The share of foreign individuals and legal entities owning land plots in Russia has decreased more than threefold since 2020, head of the Land Projects Department at NF Group Maxim Chernyadyev told TASS. Earlier reports said that the Sirius federal territory became the 422nd area in Russia where foreigners are prohibited from owning land. Russian President Vladimir Putin has signed the relevant decree. The requirement to maintain such a list is established by the Land Code in the interest of protecting the country’s state border. "In 2020, foreign individuals and legal entities accounted for almost 5% of the total land area in Russia. Estimates indicate that by 2026, this figure had dropped to 1.5%, a more than threefold decrease. This demonstrates a significant reduction in foreign presence within the structure of ownership and usage of Russian land. The calculation includes both owned plots and land leased to foreign entities on a long-term basis," Chernyadyev said. The number of transactions involving foreign parties has declined since 2022 due to sanctions, special rules governing deals with entities from unfriendly states, and an overall reduction in investment activity, Maya Shevtsova, a lawyer and advisor to the Russian Federal Chamber of Lawyers, told TASS. Chief executive and managing partner of Umbrella Consulting Group Kirill Agapov shares the view, adding that it has long been difficult for foreigners to own land in Russia as ownership is prohibited in border areas and certain special zones, and the rules governing agricultural land are even stricter. 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Source: TASS English
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