The Swedish Export Credit Agency (EKN) began accepting applications for special credit guarantees for exports to Ukraine from March 1.

The total guarantee limit according to the country's budget for 2024 is SEK 333 million ($32.1 million at the current exchange rate).

This became possible after the Swedish government adopted the relevant resolution on February 29.

According to the government's press release, in addition to the new export credit guarantees, it was also decided to open a trade secretary office in Kyiv and appoint a new trade secretary.

"Export credit guarantees and the opening of a new trade office in Kyiv will facilitate Swedish companies' investment in Ukraine. This is also a concrete example of how the government is working to increase synergy between aid, trade, and business promotion," said Johan Forsell, Minister for Development Cooperation and Foreign Trade.

It is noted that the guarantees will be provided for exports that can contribute to the development and prosperity of Ukraine.