Finland Allocates €37.3 Million to Support Ukraine’s Reconstruction

Finland's Ministry for Foreign Affairs has allocated €37.3 million to support Ukraine's reconstruction under the Strategic Investment and Support for Ukraine (SISU) programme, a joint initiative of the ministry and Finnish state-owned financing company Finnvera.

According to a ministry press release issued on Thursday, the funding will come entirely from the European Union's Ukraine Investment Framework (UIF) and has been delegated to Finland's Ministry for Foreign Affairs.

In October 2026, Finnvera and the European Commission signed a €240 million SISU guarantee agreement. The agreement is expected to facilitate financing for investments aimed at strengthening Ukraine's critical infrastructure and creating opportunities for Finnish companies to participate in the country's reconstruction.

The SISU programme is designed to help Ukrainian businesses operating in the defence, security and dual-use technology sectors expand their operations, enter international markets and access financing. It will also support companies in managing investment risks and preparing for new business opportunities.

At the same time, the programme aims to advance Finland's and the EU's objectives of strengthening Ukraine's financial sustainability, innovation capacity and long-term reconstruction efforts while encouraging greater private-sector investment in the country's future.

“ SISU aims to attract new investment to Ukraine. The programme brings together Finnish business expertise, Ukraine's reconstruction needs and EU funding opportunities,” Foreign Minister Elina Valtonen said in the press release.

She added that Finland remained committed to supporting Ukraine over the long term, with businesses playing an important role in the country's reconstruction and economic growth.

Meanwhile, Minister for Foreign Trade and Development Ville Tavio said the Ministry for Foreign Affairs and Finnvera had established new financing opportunities for Finnish companies seeking to enter the Ukrainian market.

The initiative is expected to strengthen economic cooperation between Finland and Ukraine while mobilising Finnish business expertise and investment for Ukraine's recovery.