Finland to use proceeds from frozen Russian assets to supply ammunition to Ukraine

"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," the ministry said in a statement.

By Reuters | Updated: May 19, 2025, 02.28 PM IST

FILE PHOTO: Artillery shells used by the Russian army are displayed by the Ukrainian military in the region of Kharkiv, Ukraine, October 21, 2022. REUTERS/Clodagh Kilcoyne/File Photo

Finland will supply ammunition to Ukraine by using proceeds from frozen Russian assets, the Finnish defence ministry said on Monday.

"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," the ministry said in a statement.

The ammunition would be procured from Finnish suppliers and is valued at 90 million euro ($101.12 million), it said.

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