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May 6, 2022

Finland to send additional defence aid to Ukraine

Finland has been delivering defence materiel to Ukraine since Russia launched a ‘special operation’ on the country.

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Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
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Finland has decided to send additional military aid to Ukraine, amid reports that Russia had resumed cruise missile attacks on the country.

The move comes after Finnish President Sauli Niinistö approved a government proposal to send more defence materiel to the embattled country.

Details of the assistance were not divulged.

In a statement, the Finnish Ministry of Defence said: “To ensure that the assistance reaches its destination, more detailed information on the content, manner of delivery, or schedule of the assistance will not be provided.

“Both Ukraine’s needs and the resources of the Defence Forces have been taken into account when deciding on Finland’s additional assistance.”

Finland has been delivering defence aid to Ukraine since Russia launched a ‘special operation’ on the country.

The Nordic nation previously delivered a package of arms, rifles, and anti-tank weapons to Ukraine.

Finland Minister of Defence Antti Kaikkonen said: “Finland has supported Ukraine in many ways, including with defence materiel.

“Ukraine is in a great need for additional assistance. We will increase the amount of defence materiel assistance we send to Ukraine.”

Several EU countries and Nato member nations have been offering military assistance, as well as training, to the Ukrainian troops.

The UK recently announced a new £300m ($376m) military aid package for Ukraine. This will include night-vision devices, electronic warfare equipment, a counter-battery radar system, and GPS jamming equipment.

Reuters reported that Ukraine’s armed forces chief commander General Valeriy Zaluzhnyi said that the troops need multiple launch rocket systems (MLRS) in order to combat Russian cruise missile aggression.

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Free Report
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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
by GlobalData
Enter your details here to receive your free Report.

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