Finnvera gains major new capacity to finance exports to Ukraine with European Commission guarantee

Finnvera’s capacity to finance Finnish exports to Ukraine will increase significantly as the company joins the European Commission’s Ukraine Investment Framework (UIF) guarantee programme. Under the guarantee agreement, named Strategic Investment and Support for Ukraine Facility (SISU), the European Commission will provide a 75 per cent guarantee for Finnvera loans related to exports to Ukraine. The maximum financing amount is EUR 240 million. The financing can support investments in areas such as advanced manufacturing, critical raw materials, digital technologies, dual-use technologies, metallurgy. Finnvera will be able to start granting guarantees under the guarantee programme once the final agreement has been signed.

Finnvera and the European Commission signed a Declaration of Intent concerning the guarantee agreement at the Ukraine Recovery Conference in Gdańsk, Poland on 25 June 2026. The declaration was signed on behalf of Finnvera by Executive Vice President Jussi Haarasilta. Finland was represented at the conference by Prime Minister Petteri Orpo.

The guarantee is intended to promote Ukraine’s reconstruction and support Finnish companies in investing in Ukraine in strategic priority areas. The programme is designed in particular to support exports of defence and dual-use products. In future, as the final agreement has been signed, the guarantee may be used for Finnvera’s buyer credit guarantee, investment guarantee and direct credit products.

"The guarantee agreement is a substantial addition to Finnvera’s support for exports to Ukraine. At present, we can guarantee exports to Ukraine within the framework of the Finnish Ministry of Economic Affairs and Employment’s EUR 200 million credit loss compensation scheme. However, the total of existing exposure and planned export projects is already approaching approximately EUR 150 million this year. With the new guarantee, we can continue financing new projects and encourage export companies to enter the reconstruction market. The project will deepen Finnvera’s European financing cooperation and promote the broad use of EU business financing programmes in Finland, which is one of our strategic objectives", says Finnvera’s Jussi Haarasilta.

The Ministry for Foreign Affairs’ complementary contribution to the guarantee programme amounts to EUR 36.6 million. This includes direct support for Ukrainian start-ups as well as technical assistance for Ukrainian projects involving a Finnish supplier.

Demand in Ukraine for Finnish defence, dual-use and critical raw materials technologies

Finnvera can guarantee exports to Ukraine despite the high risks involved, and its current exposure amounts to EUR 89 million. The guaranteed projects span a wide range of sectors, from the metal industry to consumer goods. Most recent examples include the guarantee agreement by Finnvera and ING Bank for Nokia’s EUR 30 million deliveries to Vodafone Ukraine, as well as a Memorandum of Understanding signed in Gdansk regarding a Finnvera guarantee covering Metso’s deliveries to BGV Group in Ukraine.

Exports of defence and dual-use products, as well as projects related to critical minerals, have attracted strong interest among Finnish companies. Companies in these sectors are well positioned with regard to Ukraine’s reconstruction. There is demand for Finnish technological expertise in Ukraine, as also noted by Anna Jarosz-Friis, Director at the European Commission’s DG ENEST, which focuses on Ukraine’s reconstruction, when she met with Finnish companies at a joint event organized by Finnvera and the Confederation of Finnish Industries in Helsinki in February 2026.

The European Commission’s UIF programme aims to mobilise a total of EUR 9.5 billion in public and private investments in Ukraine.

"Through the agreement, with EU support, Finnvera can better enable Finnish companies to participate in Ukraine’s extensive reconstruction market. As an EU pillar-assessed financing organisation, Finnvera is in an excellent position compared with export credit agencies in many other countries. We encourage companies to explore the export opportunities in Ukraine. The guarantee agreement also strengthens the tools available for implementing Finland’s national Ukraine reconstruction plan", says Valtteri Vento, Senior EU Finance Advisor.

Further information:

Valtteri Vento, Senior EU Finance Advisor, Finnvera, tel. +358 29 460 2531

More information about the Ukraine Recovery Conference 2026.