Finnish state-owned export credit agency Finnvera has signed a guarantee agreement with the European Commission that opens up to EUR 240 million in financing for investments in Ukraine’s critical infrastructure.

Finnvera and the European Commission signed the SISU guarantee agreement on 27 October 2026, allowing Finnvera to begin issuing guarantees under the programme. The deal is part of the European Commission’s Ukraine Investment Framework guarantee programme, under which the Commission will cover 75% of Finnvera’s financing for export and investment projects related to Ukraine.

The financing can be directed at projects in energy, digital infrastructure, logistics, critical raw materials, and the defence and dual-use sectors. The agreement is intended to improve the ability of Finnish companies to participate in Ukraine’s reconstruction and to mobilise private capital for the country’s critical infrastructure.

The SISU initiative was developed jointly by Finland’s Ministry for Foreign Affairs and Finnvera to engage the private sector in Ukraine’s rebuilding. The guarantee agreement follows a commitment signed in June 2026 and marks the point at which Finnvera can actively deploy the instrument through buyer credit guarantees, investment guarantees and direct loans.

Finnvera CEO Juuso Heinilä said the new agreement would enable more export transactions in a market that already offers considerable potential for Finnish companies, while also contributing to Ukraine’s recovery and broader European security.

A complementary component of the guarantee programme, to be provided by the Ministry for Foreign Affairs, is set to be launched at a later stage and will amount to EUR 36.6 million. That portion will include direct support for Ukrainian start-ups and technical assistance for Ukrainian projects with a Finnish supplier.

Source: finnvera.fi