Frequently asked questions about guarantees for defence exports to 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.

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.

Yes.

An exporter or a bank may apply for an export credit guarantee for Ukraine. Please contact EKN prior to submitting an application.

EKN can only issue guarantees once the ordinance enters into force, on 29 July 2025.

Please contact EKN prior to submitting an application for further information on the application process.

Applications must be submitted well before 31 December 2025. EKN cannot approve applications received after 31 December 2025. The guarantee facility is limited, and applications under this ordinance will be processed in the order they are received.

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.

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.

The total guarantee facility EKN can issue under this ordinance is SEK 500 million for 2025. 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.

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).