Finland to Tap Domestic Industry for $691 Million in Ukraine Military Support

3 weeks ago

10 1 minute read

Abone Ol

The Finnish Ministry of Defence has proposed a 660-million-euro ($691 million) military support program for Ukraine, with procurement from domestic industry.

It seeks to continue providing military support to Kyiv while bolstering the Finnish defense industry.

“This new support programme will elevate Finnish companies and expertise to a central role in supporting Ukraine,” Finnish Defense Minister Antti Hakkanen stated in a press release.

“So far, we have mainly supported Ukraine with stock transfers, but in the future, products will be ordered significantly from our domestic companies,” he added.

“With these solutions, we will strengthen both Ukraine’s chances for fair peace terms and Finnish security sector business and security of supply well into the future.”

Procurement Criteria

Procurement will be carried out by the Logistics Department of the Finnish Defense Forces, with Ukraine’s critical needs at the forefront.

Other considerations include “the suitability of the product for transfer, and the production and delivery capabilities of companies.”

The deliveries will be in the form of future material assistance packages to Ukraine.

Tentative Timeline

However, the program’s timeline and the types of items to be purchased and delivered have not been disclosed.

It is intended to be launched during the current legislative term, which ends in 2027, with deliveries running for years.

Deliveries are intended to start “as quickly as possible, but it also depends on Finnish companies: how quickly we can get raw materials and personnel,” Finnish public broadcaster Yleisradio Oy quoted Hakkanen as saying.

Further details on financing the program will be discussed with defense firms in a round table meeting in the coming weeks.