Finland Allocates €37.3 Million for Ukraine's Reconstruction via SISU
Finland has allocated €37.3 million to support Ukraine's reconstruction through the SISU program, a joint initiative of the Finnish Ministry of Foreign Affairs and state financing company Finnvera. The funding is part of a broader €240 million guarantee agreement signed by Finnvera and the European Commission in October 2026.
Key points
- Finland allocated €37.3 million for Ukraine's reconstruction through SISU
- The funds are provided through the EU Investment Framework Facility for Ukraine
- Financing instruments include credits and investment guarantees
- Finnvera and the European Commission signed a €240 million SISU guarantee agreement in October 2026
- The agreement targets investment in Ukraine's critical infrastructure
- SISU funding supports companies in defence, security and dual-use technology
- Estonia will provide Ukraine an additional €6.5 million for winter preparedness
Why it matters
The allocation adds financing for Ukraine's reconstruction and critical infrastructure, while the broader SISU framework is designed to attract private investment and support long-term economic recovery. It also opens opportunities for Finnish companies to enter reconstruction projects and the Ukrainian market, with funding directed partly toward defence, security and dual-use technology businesses.
What happened
Finland's Ministry of Foreign Affairs allocated €37.3 million to support Ukraine's reconstruction under the SISU program, which it runs jointly with state financing company Finnvera. The funds will be provided through the EU Investment Framework Facility for Ukraine, managed by the Finnish Foreign Ministry, using credits and investment guarantees as instruments. The decision builds on a €240 million guarantee agreement signed by Finnvera and the European Commission in October 2026, designed to finance investment in Ukraine's critical infrastructure and broaden Finnish companies' participation in the country's recovery. SISU funding also supports Ukrainian companies in defence, security and dual-use technology, helping them develop, enter international markets, access finance and prepare to attract investment.
How Ukrainian sources describe it
Ukrainian reports highlight reconstruction financing, critical infrastructure, support for Ukrainian enterprises and opportunities for private investment. The coverage also emphasizes the role of the SISU guarantee mechanism and Finnish companies' participation in Ukraine's recovery.
Background
SISU is a joint initiative of Finland's Ministry of Foreign Affairs and the state financing company Finnvera. Finnvera and the European Commission signed the €240 million guarantee agreement in October 2026. Funding is channelled through the EU Investment Framework Facility for Ukraine, with credits and investment guarantees used as financing instruments. Under SISU, €660 million was provided in the previous year.