Finland to fund €37.3m to support Ukraine’s reconstruction

The Ministry for Foreign Affairs is contributing EUR 37.3 million to support Ukraine’s reconstruction as part of the Strategic Investment and Support for Ukraine (SISU) programme, a joint initiative of the Ministry and Finnvera, said the ministry in a press release on Thursday.

The funding comes in full from the European Union's Ukraine Investment Framework (UIF) and is delegated to the Ministry for Foreign Affairs.

In October 2026, Finnvera and the European Commission signed a EUR 240 million SISU guarantee agreement, which will enable financing for investments that strengthen Ukraine’s critical infrastructure and improve opportunities for Finnish businesses to contribute to the country’s reconstruction.

The SISU programme supports Ukrainian businesses in the defence, security and dual-use technology sectors to grow, expand internationally and access financing, while also helping them manage risks and prepare for investment.

At the same time, the programme supports Finland’s and the EU’s objectives to strengthen Ukraine’s financial sustainability, innovation capacity and long-term reconstruction efforts, while increasing private investment in building 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. In this way, we are building cooperation between businesses in sectors that are essential to Ukraine. Finland is committed to supporting Ukraine over the long term, with businesses playing a key role in the country’s reconstruction and economic growth,” said Foreign Minister Elina Valtonen in the press release.

Minister for Foreign Trade and Development Ville Tavio said that the Ministry for Foreign Affairs and Finnvera have created new financing opportunities for Finnish companies seeking to enter the Ukrainian market.