Business news from Ukraine

Business news from Ukraine

Sweden allocates $133 mln to Ukraine to support the population in winter

11 December , 2023  

Sweden is donating 1.4 billion kronor ($133 million) to Ukraine, which will be used, among other things, to support the population in the winter.

According to the website of the Swedish public broadcaster SVG, the new support package was presented by Prime Minister Ulf Kristersson and Aid Minister Johan Forsell on Monday.

“This is the largest support so far in Sweden’s bilateral assistance to Ukraine,” Kristersson said at a press conference.

Of this package, 900 million kronor will go to the World Bank’s Ukraine Recovery Fund, which supports Ukraine’s energy, housing, healthcare and transportation infrastructure. In addition, money taken from Sweden’s aid budget will be used to purchase heaters and energy equipment. According to Forsell, this was the request made by the Ukrainian side to Sweden.

He also accused Russia of conducting “energy terrorism” against Ukraine. “Russia is deliberately targeting civilian infrastructure to ensure that civilians, who are already under severe pressure, will have an even harder time. With this package, we want to help Ukraine both build new and rebuild what has been destroyed,” Forssell said.

At the same time, Kristersson warned of the consequences if the EU countries fail to agree on an expanded long-term budget at this week’s summit in Brussels. “I still hope that everything will work out. But I want to emphasize that we are not talking about the usual European disagreements that we sometimes have, because then you just have another meeting later, and that would have huge consequences if we don’t agree,” he said.

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