Finland is ready to join Ukraine’s reconstruction: which sectors are considered priorities?

The Ministry of Economy reported that “Finland has been playing an important role in supporting Ukraine since February 2022, allocating €3.1B for defense and humanitarian assistance. Finland’s National Plan provides for participation in the reconstruction of Ukraine, and the National Development Cooperation Fund, Finnfund, is already investing in Ukraine’s private sector.”

Finnish companies positively assess the Ukrainian government’s efforts to provide military risk insurance, which is a priority area for them. The expansion of the presence of Finnish businesses in industries such as energy, IT, transport, and green technologies, as well as the implementation of projects from the Unified Public Investment Portfolio are being discussed. In particular, the Ministry of Economy emphasizes the opportunities for businesses to use state programs to support investment and participate in EU investment projects.

Also, the Japanese government plans to add ¥1.122T ($7.46B) to its fiscal investment and lending program for the current fiscal year to consider, among other things, support for Ukraine through the G7.