Finland to Supply Heavy Ammunition to Ukraine Financed from Frozen Russian Assets

Finland will supply heavy ammunition to Ukraine financed by interest earned from frozen Russian assets in Europe.

Ukraine is in dire need of heavy ammunition for its continuing fight against Russia. Under the agreement, Finland will procure munitions—including 155mm artillery shells, mortars, and air-to-ground bombs—from domestic suppliers to help address this shortage.

Finland’s new defence support package for Ukraine involves the supply of heavy ammunition worth €90 million. The agreement, negotiated between Finland and the European Commission, forms part of a broader European Union initiative to back Ukraine’s military efforts against Russia. The funding will be channelled through the European Peace Facility (EPF), with Finland designated as one of the implementing countries.

“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 Finnish Minister of Defence Antti Häkkänen.

He added that this new contribution complements Finland’s national €660 million support programme and strengthens collaboration between the Finnish defence industry and Ukraine’s military supply lines.

Finland has been one of several EU member states pushing to convert revenues from frozen Russian assets into material support for Ukraine. This new package is one of the first concrete examples of that policy in action.

The use of proceeds from frozen Russian sovereign assets is part of a wider EU strategy to maintain sustained support for Ukraine without relying solely on member state budgets. The initiative reflects a growing consensus within Europe to link the long-term defence of Ukraine with economic measures targeting Russia.

 Meanwhile, Denmark has announced its 26th military aid package for Ukraine, valued at DKK 4.2 billion ($630M). The package includes the financing for new artillery systems, artillery ammunition, equipment for the Ukrainian Air Force, and an increase in the training framework.