Business news from Ukraine

Business news from Ukraine

Finland to provide €190 mln in military aid to Ukraine

12 February , 2024  

Finland is sending the 22nd military aid package worth up to €190 million and is preparing a long-term plan to support Ukraine, the Finnish government’s press service reports.

“Finland is sending more defense equipment to Ukraine. The President of the Republic made a decision on this issue on February 9, 2024, on the proposal of the government. This is the 22nd consignment of military aid from Finland to Ukraine,” the Finnish government said in a statement on its official website on Friday.

As noted, the total cost of the package will be approximately 190 million euros. This package includes equipment and products made in Finland, while “separate funding of 30 million euros will be allocated to support Ukraine.”

“At the national level and more broadly, we need to find new ways to support Ukraine in the long term. We are currently preparing a long-term plan to support Ukraine,” Finnish Defense Minister Antti Hakkanen said, as quoted by the press service. According to him, the Finnish industry has a lot of know-how, “and we are working to ensure that this know-how and potential can be used more effectively in supporting Ukraine. One example of this is our domestic ammunition production.”

It is also reported that Finland has decided to participate in the artillery and demining coalitions operating within the framework of the Contact Group for the Defense of Ukraine, a group that coordinates assistance to Ukraine in the field of armaments.

“We are grateful to Finland for its continued support,” the Ukrainian Defense Ministry said in a post on social media platform X.

,