Finland to Supply Ammunition to Ukraine Using Proceeds From Frozen Russian Assets

Finland will supply ammunition to Ukraine by using proceeds from frozen Russian assets, the Finnish defense ministry said on Monday.

"Finland has been selected as one of the states implementing European Union measures to supply Ukraine with defense materiel using proceeds from frozen Russian assets," the ministry said in a statement.

The ammunition would be procured from Finnish suppliers and is valued at 90 million euro ($101.12 million), it said.