Finland will use revenue from reserved Russian assets for the supply of ammunition to Ukraine

Finland will supply Ukraine with 90m -euro ammunition using the revenue from Russian assets committed by the European Union after Russia’s full -scale invasion in 2022, Finnish Minister of Defense said today. The EU has estimated that 210 billion euros from the binded Russian assets worth about $ 300 billion are in the union of 27 countries, mainly in the form of government bonds that the Central Bank of Russia had stored as stocks. The European Commission decided last year that the revenue from assets could be used to support the Kiev Army through an EU fund. “We have managed to negotiate additional funding to support Finland to Ukraine,” said Minister Antin. “The products are purchased by the Finnish industry to enhance domestic employment and sent to Ukraine to help its defense. I am very pleased […]
Source: News Beast

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