Finland Confiscates Russian Funds Worth Around 4 Mln Euro Over Ukraine Conflict
Quick Look
- Finland's debt collection authority has confiscated approximately 4 million euro in Russian funds, originally intended for EU cross-border cooperation projects.
- The funds, transferred before 2022, were seized following a claim by Ukrainian company Naftogaz.
AI-generated summary
Why It Matters
Finland's debt collection authority has confiscated Russian funds worth around 4 million euro. These funds were transferred to Finland before 2022 under an EU cross-border cooperation program and remained unused on the ministry's balance sheet after the project was suspended in 2022. The confiscation follows a claim filed by Ukrainian company Naftogaz.
STOCKHOLM, June 2. /TASS/. Finland’s debt collection authority has confiscated Russian funds worth around 4 mln euro over the Ukraine conflict, broadcaster Yle reported.
According to the broadcaster, the funds in question amount to 3.7 mln euro that Russia transferred to Finland before 2022 under the EU cross-border cooperation program. The project was intended to support development in border regions between the two countries. As the authority explained, the funds had been transferred to Finland’s Ministry of Economic Affairs and Employment but were never used and remained on the ministry’s balance sheet after the project was suspended in 2022.
The funds were confiscated following a claim filed by Ukrainian company Naftogaz and its subsidiaries. The confiscation order is temporary and remains in force until further notice, the broadcaster noted.
According to Yle, since 2024 Finland’s debt collection authority has confiscated more than 40 mln euro worth of Russian assets.
Open Questions
- What is the specific legal basis for the confiscation beyond Naftogaz's claim?
- Will Russia retaliate against Finnish assets?
- What is the total amount of Russian assets frozen or confiscated in Finland?
- What is the timeline for the temporary confiscation order to be reviewed or lifted?
