Business news from Ukraine

Business news from Ukraine

Finland allocates €100 mln for weapons for Ukraine from US

23 October , 2025  

The Finnish government has decided to allocate €100 million for the purchase of weapons from the US for transfer to Ukraine, Prime Minister Petteri Orpo announced on Thursday.

“On Thursday, the government decided to allocate €100 million to support Ukraine by purchasing weapons from the US. This is a NATO-coordinated support package called PURL. Finland is participating in a joint support package for the Baltic and Northern European countries, which is planned to be delivered to Ukraine in the near future,” the Finnish prime minister said, as quoted by the Helsingin Sanomat newspaper.

“The situation in Ukraine is critical. Yes, we must participate. We cannot stand aside when all the countries of Northern Europe and the Baltic States are involved,” he stressed.

According to Orpo, the funding will be provided through external borrowing and Finland’s budget will not be revised, “even though it will increase the debt.”

The initiative to finance the purchase of American weapons for Ukraine came after the US administration refused to continue supplying weapons to Kyiv free of charge. In August, four packages of American weapons were prepared for a total amount of about $2 billion. The financing was provided by Germany, Denmark, Canada, the Netherlands, Norway, and Sweden.

On August 15, at a meeting of NATO defense ministers in Brussels, Estonia, Latvia, Lithuania, Belgium, Luxembourg, Finland, and Iceland announced their decision to join the program. In October, Spain also announced its participation.

 

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