Finland to supply ammunition to Ukraine by using proceeds from frozen Russian assets

Finland has been selected as one of the states implementing European Union measures to supply Ukraine with defence materiel using proceeds from frozen Russian assets.

Finland has made an agreement with the European Commission to supply Ukraine with heavy ammunition. The ammunition will be procured from Finnish suppliers, and the procurement will be funded with proceeds from frozen Russian assets, which will be channelled through the European Peace Facility (EPF). The agreement is valued at EUR 90 million.

"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 Häkkänen.

"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 will be provided on the content, manner or schedule of the delivery.

Inquiries: Antti Vesala, Special Adviser to the Minister, [email protected] and Eemeli Peltonen, Senior Specialist, Ministry of Defence, tel. +358 295 140 125.