Friday, February 14, 2025
-0.1 C
Hamburg

Sweden Expands Export Guarantees to Boost Ukraine’s Reconstruction

STOCKHOLM (CHATNEWSTV) — The Swedish government has expanded its export credit guarantees for businesses working in Ukraine, aiming to boost the country’s sustainable reconstruction amid the ongoing war.

The updated framework, which took effect on February 1, raises the total available guarantees from SEK 333 million to SEK 888 million and extends maturities from three to four years. Coverage has also increased from 80% to a maximum of 95%, and businesses within the same corporate group can now access up to SEK 300 million, up from SEK 100 million.

“Swedish businesses both want and are able to contribute more to Ukraine’s reconstruction, but they need support that mitigates the risk,” said Minister for International Development Cooperation and Foreign Trade Benjamin Dousa. “The aim of amending the conditions is to make it easier and safer for Swedish companies to export to Ukraine.”

The special export credit guarantee program, launched in April 2024, allows Swedish businesses to apply for financial protection through the Swedish Export Credit Agency for projects that support economic and social development in Ukraine.

With the expanded framework, Sweden aims to encourage more private sector involvement in rebuilding Ukraine’s infrastructure, industries, and public services.

Hot this week

Nordic-Baltic Leaders Reaffirm Support for Ukraine, Call for Stronger Security Guarantees

COPENHAGEN (CHATNEWSTV) — The leaders of the Nordic and...

Hegseth Tells NATO Hard Power Provides Deterrence, Defense

Following a meeting yesterday of NATO defense ministers, Defense Secretary...

Toyota Develops New Fuel Cell System

Toyota City, Japan, February 14, 2025―Toyota Motor Corporation (Toyota)...

Rubio, Ukrainian Foreign Minister Discuss Efforts for Negotiated Peace

WASHINGTON (CHATNEWSTV) — Secretary of State Marco Rubio spoke...

N2.5bn: Court Acquits Former NBC DG

A federal high court in Abuja has discharged and...

Latest

Hegseth Tells NATO Hard Power Provides Deterrence, Defense

Following a meeting yesterday of NATO defense ministers, Defense Secretary...

Toyota Develops New Fuel Cell System

Toyota City, Japan, February 14, 2025―Toyota Motor Corporation (Toyota)...

Rubio, Ukrainian Foreign Minister Discuss Efforts for Negotiated Peace

WASHINGTON (CHATNEWSTV) — Secretary of State Marco Rubio spoke...

N2.5bn: Court Acquits Former NBC DG

A federal high court in Abuja has discharged and...

Nigeria In Talks With Google To Advance AI And Digital Innovation

President Bola Tinubu has announced that Nigeria is in...

Ohio Aircraft Parts Supplier, Three Employees Indicted for Illegal Exports to Russia

CINCINNATI (CHATNEWSTV) — An Ohio-based supplier of aircraft parts...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Elumelu Foundation Partners UAE To Support African Entrepreneurs With $5k Capital

Tony Elumelu Foundation (TEF) has signed a $6 million agreement with the United Arab Emirates (UAE) office of development affairs to support African entrepreneurs. In...

NASS Passes 2025 Budget

House of Representatives has passed the sum of N54.9 trillion as budget for 2025 fiscal year. The appropriation bill was also passed by the Senate. The...

ADB Expands Support for Philippines’ Labor Market Reforms with $500 Million Loan

MANILA, PHILIPPINES  — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to help the Philippine government expand labor market programs...

Trudeau, EU Leaders Reaffirm Trade, Security Ties at Brussels Meeting

BRUSSELS (CHATNEWSTV) — Canadian Prime Minister Justin Trudeau met with European Union leaders on Monday, reaffirming the close Canada-EU partnership and pledging deeper cooperation...

German court shortens mammoth fraud trial of former Wirecard boss

Agency Report - Munich  - The largest fraud trial in Germany's post-war history is set to be shortened, paving the way for a possible judgement this...

Germans severely overestimate rate of inflation, survey shows

Agency Report - Cologne  - German residents believe inflation to be much higher than the official rate, a study found on Wednesday. A survey carried out by the...

Nigeria’s Non-oil Exports Hit $5.45bn In 2024 – NEPC

Nigerian Export Promotion Council (NEPC) has announced that Nigeria’s trade volume in 2024 reached 7.2 metric tons, with a 20.7% increase in value, totaling...

US tariffs add ‘further pressure’ to tough outlook — German Steel Boss

Agency Report - Dusseldorf  - The leader of Germany's largest steel company believes US tariffs will put "further pressure" on European markets already hampered by overcapacity and...

NCS Bows To Pressure, Suspends Implementation of 4% FOB

The Nigeria Customs Service, NCS, has suspended implementation of the 4 per cent charge on the Free On-Board, FOB, value of imports. The Spokesman of...