Delfi reported on Latvia's third failed attempt to sell the "House of Moscow"

Latvia has failed for the third time to sell the nationalized cultural center "House of Moscow" in Riga at auction. This was reported on December 11 by the portal Delfi with reference to the data of the electronic auction.

"State joint-stock company Valsts nekustamie īpašumi (VNĪ) failed to interest potential investors at the third auction for the Moscow Cultural and Business Center in Riga, <...> better known as the House of Moscow," the material said.

At the first auction in September this year "House of Moscow" was exhibited with a starting price of € 3.57 million. Before the second auction, the cost was reduced by 20%, it amounted to € 2.85 million.

Before the third attempt to sell the starting price was reduced by another 10%. As a result, the cost of real estate in comparison with the first auction decreased by more than € 1 million, amounting to € 2.49 million.

On putting up for auction cultural center reported on August 19 of this year.

Earlier, on May 22, it became known that the Latvian Seimas (Parliament) Commission on Defense, Internal Affairs and Corruption Prevention proposed to allocate the funds received from the sale to Ukraine.

On 11 January, the Latvian Seimas adopted in the final reading the law on the confiscation of the cultural and business center "House of Moscow" in Riga in favor of the state. On the same day, the Russian embassy in Latvia said that the adoption by the Latvian parliament of the law providing for the confiscation of the House of Moscow was arbitrary and robbery. It notified the Latvian side about the inevitability of retaliatory measures.

As Russian Foreign Ministry spokeswoman Maria Zakharova noted during a briefing on January 12, Russia regards the expropriation of the "House of Moscow" in Riga as raiding, theft, and theft on a national scale.

The raider seizure of the "House of Moscow" was reported by the Russian Embassy in the Republic of Latvia on December 21, 2023. Then it was noted that the employees of the Latvian special services invaded the center, took away from its employees means of communication, and installed a guard post at the entrance. In addition, the representatives of the "House of Moscow" were interrogated, and an inventory of property and computer equipment was made in the premises.