Finnvera and the European Commission sign agreement enabling EUR 240 million in financing for Ukraine’s reconstruction

The agreement is part of the European Commission’s Ukraine Investment Framework (UIF) guarantee programme. Under the agreement, the European Commission will provide a 75% guarantee for Finnvera’s financing projects related to exports to Ukraine. The maximum amount of financing is EUR 240 million.

The EU guarantee expands Finnvera’s opportunities to support Finnish companies’ exports and investments in Ukraine. The aim is to promote Ukraine’s reconstruction and mobilise private financing to strengthen the country’s critical infrastructure.

– Europe’s strength lies in our ability to act together. Finnvera works extensively with European institutions and is increasing export financing for Ukraine. The new SISU agreement with the European Commission will enable more export transactions in a market that already offers considerable potential for Finnish companies. At the same time, we are strengthening Ukraine’s vitality and building a safer Europe, says Juuso Heinilä, CEO of Finnvera.

A complementary component of the guarantee programme provided by the Ministry for Foreign Affairs will be launched at a later stage and will amount to EUR 36.6 million. It will include direct support for Ukrainian start-ups as well as technical assistance for Ukrainian projects involving a Finnish supplier.