Sweden to provide €522.6 mln for Ukraine’s recovery projects

The funds will be used for:
– reconstruction
– green development
– economic development, entrepreneurship, and trade
– security needs, including humanitarian demining
– building democracy, protecting human rights and freedom of speech

This is the largest bilateral assistance strategy for Ukraine in Swedish history. The implementation period is 2023-2027. 

Most of the funds, over €400 mln, will be provided through the Swedish International Development Cooperation Agency (SIDA). The amount of aid will increase as Ukraine will receive support through international organizations and the so-called “winter” and “summer” aid packages.

This was announced during a meeting between Yulia Svyrydenko, First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine, and Johan Forrssell, Minister for International Development Cooperation and Foreign Trade of Sweden. 

To make Swedish businesses more willing to return to Ukraine, Sweden is developing mechanisms for insuring war risks for its companies. Minister Johan Forrsell said he hopes to announce positive news this fall.
Since the beginning of the full-scale invasion, Ukraine has received 22 bln Swedish kronor in aid from Sweden.

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