Finland to tap frozen Russian funds to send arms to Ukraine
Finland will deliver around $100 million worth of heavy ammunition using profits from immobilized assets, the Defense Ministry has said | Finland will supply heavy ammunition to Kiev using proceeds from Russian assets which were frozen over the Ukraine conflict, the Defense Ministry said on Monday. ● The move is part of a broader EU push to channel profits from immobilized Russian assets – which are primarily EU, US, and UK government bonds held in a Brussels-based securities depository – to fund Ukraine’s military. Moscow considers the seizure of its assets “theft.”


