Berezovsky was put on the list after he made a two-day trip to the former Soviet republic in September last year to help promote an education software company in which he had invested.
Moscow accused Latvia of breaching its commitments to Interpol by allowing the oligarch into the country, in view of the international warrant for his arrest.
Latvian Prime Minister Aigars Kalvitis said at the time that Berezovsky had on several occasions put the country in "an embarrassing situation," and said he would seek his inclusion on a list of individuals barred from entry into Latvia.
The inclusion of Berezovsky on the black list in October 2005 was followed by the resignation of Latvian Interior Minister Eriks Jekabsons, after Kalvitis accused him of warning the Russian oligarch of the government's intention to put him on the list.
Berezovsky now lives in self-imposed exile in the United Kingdom, where he was granted political asylum after fleeing Russia to avoid an investigation into money-laundering charges.
He said he would appeal Latvia's decision to put him on a blacklist in the European Court of Human Rights in Strasbourg.