Sweden pledges EUR 6.5 billion in military support to Ukraine

By Defence Industry Europe

On May 24, the Swedish Government has announced a substantial three-year framework for military support to Ukraine, committing SEK 75 billion (approximately EUR 6.5 billion) for 2024-2026. This translates to SEK 25 billion (around EUR 2.17 billion) annually.

 

This support is aimed at enhancing Ukraine’s defence against ongoing Russian aggression and ensuring long-term stability. The aid will include donations of defence equipment, financial contributions, and economic support for procuring defence materiel.

Prime Minister Ulf Kristersson affirmed Sweden’s commitment, stating, “Sweden stands with Ukraine for as long as necessary.” Finance Minister Elisabeth Svantesson highlighted that this framework, while deviating from the usual surplus target, ensures that Sweden’s national defence build-up and other essential reforms are not compromised.

 

 

Since Russia’s invasion in February 2022, Sweden has provided SEK 37 billion in support to Ukraine, making it the country’s largest recipient of development assistance. This new framework brings Sweden’s total military and civilian support to over SEK 100 billion.

The commitment reflects Sweden’s dedication to regional stability and the defence of democratic values amidst Europe’s most precarious security situation since World War II.

 

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