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Finland to Use Proceeds From Frozen Russian Assets to Supply Ammunition to Ukraine
- On May 19, 2025, Finland announced it will supply Ukraine with €90 million worth of heavy ammunition funded through frozen Russian assets under an EU agreement.
- This initiative stems from frozen Russian state assets immobilized after Russia's 2022 invasion of Ukraine, with the EU deciding to use accrued interest to support Ukraine's defense.
- Finland will procure ammunition exclusively from its domestic defense industry to boost local employment while supporting Ukraine's urgent need for artillery rounds.
- Defence Minister Antti Häkkänen expressed satisfaction with the agreement, highlighting that it supports both Ukraine's defense needs and Finland's domestic defense industry.
- The delivery strengthens Ukraine's military capacity as part of a broader EU plan, while Finland positions itself as a key NATO member countering Russian aggression.
41 Articles
41 Articles
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After Helsinki has approved the use of Russian frozen funds for the purchase of equipment for Ukraine, Kremlin considers "a violation of international law" to be required to respond.
Helsinki Times
einnews.comFinland sends Ukraine €90 million in ammo funded by frozen Russian assets
Finland will deliver €90 million worth of heavy ammunition to Ukraine using funds derived from frozen Russian state assets, the government announced on Monday. The ammunition package will be sourced from Finnish suppliers and paid for with profits generated by assets frozen under EU sanctions following Russia’s invasion of Ukraine in 2022. According to the Ministry of Defence, the delivery is part of a wider European Union plan to use accrued in…
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