Export Credit Guarantees For Ukraine Trade
Finnvera is Finland's only provider of export credit guarantees for Ukraine. The EIF/Finnvera pilot covers SMEs and mid-caps, while the national loss compensation enables guarantees for all Finnish exporters. Rolling applications, no deadline.
What Is Covered?
Finnvera is currently Finland's only provider of export credit guarantees for Ukraine trade. The combination of the €30M EIF-backed pilot (for SMEs and mid-caps) and the €100M national loss compensation ceiling (for all Finnish exporters) makes it possible for Finnish companies to trade with Ukraine despite the war risk — covering up to 100% of political risk and 95% of commercial risk.
Guarantee Products
- Credit insurance (short-term)
- Documentary credit guarantees
- Buyer Credit Guarantees
- Capital goods exports
- Individual buyer credits
- Bank/project credit lines
- Forfaiting and leasing
Is This For You?
You Qualify If
- Your company is registered in Finland
- You export goods or services to Ukraine
- Your deliveries have sufficient Finnish content
- For EIF pilot: you are an SME or mid-cap with fewer than 500 employees
Not For You If
- Your company is not Finnish
- You have no export activity to Ukraine
- Your Finnish content is insufficient
Frequently Asked
How do the two mechanisms work together?
The EIF/Finnvera pilot (€30M) specifically backs SMEs and mid-caps under 500 employees via InvestEU. The national loss compensation (€100M) enables Finnvera to cover ALL Finnish exporters to Ukraine — without it, Finnvera cannot guarantee exports to a country at war.
What does short-term cover?
Credit insurance and documentary credit guarantees for transactions under 1 year. Covers approximately 90% of invoice value, including war-related non-payment. Finnvera is currently Finland's only provider of short-term Ukraine coverage.
What about medium/long-term?
Buyer Credit Guarantees for transactions up to 5 years (potentially 10-15 per OECD rules). Covers up to 95% commercial risk, 100% political risk. Minimum 15% cash payment from buyer, maximum 85% credit.
How much does it cost?
Ukraine is risk category 7/7 (highest). Pricing is a flat fee on credit principal based on borrower creditworthiness, country risk, duration, and securities. Handling fees for application processing.
How do I apply?
Contact Finnvera directly (account managers or finance team). Submit application via Finnvera's online service. Required: financing application form, export contract description, anti-bribery declarations.
Is there a deadline?
No — rolling applications. Finnvera processes continuously as long as the loss compensation ceiling is not exhausted.
Any notable deals?
Finnvera guaranteed Metso's machinery/equipment deliveries to Metinvest iron ore plant in Ukraine (2025).
Check Your Eligibility
Tell us about your Ukraine export activity and we'll assess which Finnvera products fit.
Exporting To
Ukraine?
Finnvera makes it bankable. Let's assess your export credit needs.