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FINLAND WILL USE PROCEEDS FROM FROZEN RUSSIAN ASSETS TO SUPPLY AMMUNITION TO UKRAINE

  • NEWS Desk Global
  • May 19, 2025
  • 1 min read



Finland will supply 90 million euros ($101.35 million) of ammunition to Ukraine by using proceeds from Russian financial assets frozen by the European Union after Moscow's full-scale invasion in 2022, the Finnish defence ministry said on Monday.

The EU has estimated that 210 billion euros of the roughly $300 billion worth of frozen Russian assets are held in the 27-nation bloc, mainly in the form of government bonds that Russia's central bank had stored as reserves.

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