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Finland to supply ammunition to Ukraine by using frozen Russian assets
Finland government
Finland has been selected as one of the countries implementing European Union measures to supply Ukraine with defence materials, using funds from frozen Russian assets.
"We were able to negotiate additional funding for Finland's support for Ukraine. The funds come from frozen Russian assets. The products are purchased from Finnish industry to boost employment at home and sent to Ukraine to help its defence. I am very pleased with the outcome," said Minister of Defence Antti Häkkänen.
Finland has reached an agreement with the European Commission to supply Ukraine with heavy ammunition. The ammunition will be sourced from Finnish suppliers, and the procurement will be financed using proceeds from frozen Russian assets, funneled through the European Peace Facility (EPF).
The total value of the agreement is EUR 90 million.
"Finland's support for Ukraine is unwavering and strong even in other respects. This new package alongside our national EUR 660 million support programme will forge closer links between the Finnish industry and Finland's support for Ukraine. This is a great example of the Finnish defence industry's abilities, and it shows that our investments into ammunition production capacity are paying off," said Minister Häkkänen.
No further information are provided on the schedule of the delivery.
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