Skip to content
Edit post

Finland wants higher 2024 budget to boost Ukraine aid capacities

by Martin Fornusek November 23, 2023 11:22 PM 1 min read
Finnish Prime Minister Petteri Orpo speaks during a joint press conference on August 23, 2023 in Kyiv, Ukraine. (Vitalii Nosach/Global Images Ukraine via Getty Images)
This audio is created with AI assistance

The Finnish government submitted a proposal for changes in the 2024 draft budget that includes, among other items, a higher spending limit for Ukraine aid, the country's finance ministry said on Nov. 23.

The upper threshold for defense spending for the period 2024-2028 would be raised by almost 96 million euros ($105 million) to cover costs for the previously announced 19th aid package for Kyiv.

Expenses for 2024 would be increased by 20.7 million euros ($22.6 million). Previously, the Finnish Defense Ministry's draft budget for the following year allocated 242 million euros ($264 million) for the replacement of military equipment sent to Ukraine.

The government also proposed to provide a further 25 million euros ($27 million) in investment and lending expenses in Ukraine to facilitate the participation of Finnish companies in reconstruction efforts.

Helsinki announced its 20th military aid package for Ukraine worth 100 million euros ($109 million) on Nov. 17, adding to the total of $1.6 billion in defense assistance pledged since the start of Russia's full-scale invasion.

Finland to close all but one border crossing with Russia
The measure, which is to take effect on Nov. 24, follows Helsinki’s accusations that Russia is orchestrating the influx of migrants as retribution for Finland’s entry into NATO.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

5:17 PM

Zelensky signs bill on conditions for demobilization of conscripts.

According to President Volodymyr Zelensky's original proposal, conscripts whose term of service expired during martial law and whose military service was extended beyond the established period are released from service to the reserve "within the terms determined by the presidential decree."
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:11 PM

Yermak: Ukraine working to restore operations at one airport.

Ukrainian authorities are working to restore operations at one of the country's airports once security issues are addressed, Head of the Presidential Office Andriy Yermak said at the "Made in Ukraine" forum on Feb. 26, the Liga.net outlet reported.
1:12 PM

Denmark drops investigation into Nord Stream explosions.

"The investigation has led the authorities to conclude that the sabotage of the pipelines was intentional. However, the assessment is that there is no sufficient basis to pursue a criminal case in Denmark," the Danish police said in a statement.
8:59 AM

US State Department condemns 'sham parliamentary elections' in Belarus.

Belarus opened polling stations for both the parliamentary and local elections on Feb. 25 amid condemnations from the Belarusian democratic opposition. The country is ruled by dictator Alexander Lukashenko, who uses rigged elections to solidify his regime rather than to provide a chance for actual democratic competition.
7:43 AM

ISW: Russian officials refrain from publicly discussing invasion anniversary.

Russian officials and state-controlled media largely refrained from publicly discussing the second anniversary of the full-scale invasion of Ukraine on Feb. 24 to avoid highlighting Russia's failure to achieve its stated military objectives, the Institute for the Study of War announced in their daily assessment on Feb. 25.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.