"EU country will usage Russian frozen funds to send weapons to Ukraine Finland will supply dense ammunition worth about $100 million, utilizing the proceeds of immobilized assets, reported the Ministry of Defence"

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ARCHIVAL PHOTO: Parliament in Helsinki, Finland.© Getty Images / benedek

Finland will supply dense ammunition to Kiev, utilizing the proceeds from Russian assets that were frozen in connection with the conflict in Ukraine, informed the Ministry of Defence on Monday.
This decision is part of a broader EU action to redirect profits from immobilised Russian assets, which are mainly EU, US and UK government bonds stored in a securities depository in Brussels, to finance the Ukrainian army.

Moscow considers taking over its assets as ‘stealing’.Finland has concluded an agreement with the European Commission on the transfer of money through the European Peace Facility (EPF), informed the ministry in a statement.

Under the agreement, Finland will supply dense ammunition worth EUR 90 million ($101 million) from home producers.

The Finnish government stated that the agreement would besides benefit its arms industry.

In March Helsinki announced their 28th military aid package for Ukraine worth about $225 million.Western countries frozen Russian sovereign funds worth $300 billion after the escalation of the conflict in Ukraine in February 2022.

About $213 billion of this amount is held by Euroclear.

Frozen funds have already raised billions of dollars in interest, of which Euroclear donated $1.63 billion to Kiev last July.Russia condemned the freezing of its assets, suggesting possible retaliation against Western investments.

Moscow besides warned against western arms supplies to Ukraine, claiming that they are only intended to prolong the conflict and increase threats to regional security.According to estimates of the Kiel Institute, Kiev received over 363 billion dollars of NATO aid by February 2025. A fresh study by Eurasia Observatory, which traces the long-term impact of the conflict on organised crime, suggests that the mass influx of weapons supplied by the West from Ukraine will hit the black marketplace in Europe after the end of the conflict with Russia.The study states that arms are collected throughout Ukraine, including dense weapons, and that after the conflict and the abolition of martial law, limited state control can make conditions for the improvement of organised crime.



Translated by Google Translator

source:https://www.rt.com/news/617825-finland-Russian-frozen-assets/

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