The European Investment Fund (EIF), part of the European Investment Bank (EIB) Group, and Finland’s official export credit agency Finnver, have signed a EUR 30 million guarantee agreement to support Finnish small and medium-sized enterprises (SMEs) in their exports to Ukraine. This initiative is intended to strengthen economic ties between Finland and Ukraine while assisting local businesses in navigating the challenges of exporting in a politically unstable region.
The agreement comes at a time when both nations are seeking to deepen their economic cooperation through increased trade and investment. Finland has been a key player in supporting Ukraine’s economic resilience amid the ongoing conflict, and this program is designed to help local SMEs access new markets and diversify their customer base. The EUR 30 million guarantee will be used to fund export credit insurance and provide financial guarantees to Finnish companies seeking to export goods to Ukraine.
By facilitating access to international markets, this initiative not only supports the growth of Finnish SMEs but also contributes to the broader objective of strengthening economic relationships with Ukraine. The collaboration between EIF and Finnvera highlights the importance of public-private partnerships in driving economic development and supporting global trade in times of geopolitical uncertainty.