Frequently asked questions about guarantees for defence exports to Ukraine
Information on the provisions of the ordinance regarding special export credit guarantees for defence exports to the Ukrainian state can be found here.
Special export credit guarantees for defence exports to Ukraine
Under a specific ordinance, EKN is authorised to issue export credit guarantees for defence exports to the Ukrainian state. The guarantees are intended to facilitate Swedish defence exports that contribute to Ukraine’s defence capability and cover transactions that fall outside EKN’s ordinary guarantee framework for Ukraine.
The ordinance entered into force on 29 July 2025 and applies within an annual guarantee limit. This page provides consolidated information and answers to frequently asked questions on the scope of the guarantees, eligibility and applicable terms.
How does the defence ordinance differ from EKN’s existing facility for Ukraine?
EKN’s existing guarantee options for exports to Ukraine do not cover defence materiel, which is why a separate guarantee facility has been established.
What type of exports are covered by the defence ordinance?
Purchases by the Ukrainian state of:
a) defence materiel or technical assistance for defence materiel, as defined in the Swedish Military Equipment Act (1992:1300) and the Military Equipment Ordinance (1992:1303), or
b) dual-use items or technical assistance for dual-use items under the Act (2000:1064) on the Control of Dual-Use Products and of Technical Assistance.
Must the buyer be the state?
Yes.
Who can apply for a guarantee (regarding defence exports) to Ukraine?
An exporter or a bank may apply for an export credit guarantee for Ukraine. Please contact EKN prior to submitting an application.
From when can I, as an exporter or bank, apply for a guarantee for Ukraine?
EKN can issue guarantees as of July 29, 2025, when the ordinance entered into force.
How to apply for a guarantee?
Please contact EKN prior to submitting an application for further information on the application process.
How long can I apply for a guarantee for defence exports?
The facility amount is approved on a yearly basis. The guarantee facility is limited, and applications under this ordinance will be processed in the order they are received.
What is the maximum credit period for defence exports?
EKN must settle any potential claims for non-payment before the end of 2030. Therefore, EKN will not be able to guarantee claims that fall due later than what can be managed within the claims settlement process, which is preliminarily set to August 2030. If the repayment period agreed with the Ukrainian buyer extends beyond this, EKN will not cover that risk.
What is EKN’s cover percentage for defence exports?
EKN can cover up to 100 per cent of the guaranteed commitments, after an advance payment of 30 per cent. The terms of an export credit guarantee under the special Ukraine ordinance shall be designed so that the guarantee holder and EKN share losses proportionally and in the same manner.
What is the maximum amount I can apply for regarding defence exports?
The total guarantee facility EKN can issue under this ordinance is SEK 500 million for 2026. Guarantees can be applied for up to a maximum of SEK 100 million per applicant within the same corporate group, after the Ukrainian state or other co-financiers have paid an advance of at least 30 per cent of the purchase price.
What premium applies to the guarantee?
EKN’s premium for the guarantee to Ukraine will be charged according to the minimum premium EKN must apply under international regulations, for a country in the highest country risk category (country risk category 7 out of 7).
Frequently asked questions about the Ukraine Facility
Here we collect the most frequently asked questions about our guarantee regulation on export credit guarantees to Ukraine.
Frequently asked questions about the Ukraine FacilityWeb page last updated