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  • Finland to use proceeds from frozen Russian assets to supply ammunition to Ukraine

    05/19/2025 2:05:31 PM PDT · by E. Pluribus Unum · 30 replies
    Reuters ^ | May 19, 2025 12:32 PM UTC | Essi Lehto
    HELSINKI, May 19 (Reuters) - Finland will supply 90 million euros ($101.35 million) of ammunition to Ukraine by using proceeds from Russian financial assets frozen by the European Union after Moscow's full-scale invasion in 2022, the Finnish defence ministry said on Monday.The EU has estimated that 210 billion euros of the roughly $300 billion worth of frozen Russian assets are held in the 27-nation bloc, mainly in the form of government bonds that Russia's central bank had stored as reserves.HELSINKI, May 19 (Reuters) - Finland will supply 90 million euros ($101.35 million) of ammunition to Ukraine by using proceeds from...