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Putin owns beachfront property in Finland

Russian President Vladimir Putin owns an undeveloped beachfront property on the Finnish island of Åland, newspaper Keskisuomalainen writes.

Jarmo Ratia, former head of Finland's land survey body, Lantmäteriverket, said the property is owned by the Russian president's office. In practice it means, he argues, that it is Putin that controls the property.

The deal goes back to the peace agreement in Paris in 1947 when the Soviet Union took over everything that was in German ownership in Finland, Keskisuomalainen said.

The property is located in Saltvik, a municipality of Åland which is an autonomous territory of Finland. The lot is 17,800 square feet, with a shoreline of 200 meters.

Last Updated (Wednesday, 15 October 2014 03:28)

 

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