This is reported by the Yle broadcaster with reference to the decision of the Finnish Debt Collection Office. This is about the funds related to the EU cross-border cooperation program, in which Finland and Russia previously participated. The decision was taken by the Finnish enforcement authority, the Finnish Debt Collection Service (Ulosottolaitos).
According to the source, the applicant was Naftohaz and its subsidiaries. The Ukrainian company is seeking to recover Russian assets abroad on the basis of an arbitral award handed down in 2023 by the Permanent Court of Arbitration in The Hague, which ordered Russia to pay about $5bn in compensation for assets in Crimea.
This is not the first time that Russian assets have been seized in Finland. Previously, the Finnish authorities have already applied recovery measures – including in relation to real estate. In 2023, as Yle recalls, land plots and the building of the Russian Center for Science and Culture were arrested.
According to the Finnish Executive Service, a total of Russian assets worth at least 40 million euros were previously arrested in the country at the request of the Ukrainian side. In 2025, a Finnish court recognized the practice of such seizures as legal.
