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, the "Ukraine Facility".
Frequently asked questions
Who can apply for a guarantee (credit risk insurance)?
Exporters or banks.
Which guarantee product should I apply for?
There are no new specific products for this facility. The Guarantee for Trade Receivables is used for credit periods not exceeding 12 months, while the Guarantee for Loss on Claim is used for credit periods exceeding 12 months. For banks, the Buyer Credit Guarantee applies.
How to apply?
The standard application process applies for the relevant guarantees.
When can I, as an exporter or bank, apply for a guarantee for exports to Ukraine?
Anytime. EKN can issue guarantees since 1 February 2025, when the regulation entered into force. EKN has a yearly instruction from the government regarding the facility amount.
Which transactions can be covered?
The transaction must promote and contribute to the economic development and welfare of Ukraine. EKN will consult with Sida (the Swedish International Development Cooperation Agency) for each transaction to confirm this condition.
The Ukraine facility covers losses related to the export of goods and services to Ukraine.
How do I know if my transaction will be classified as aid?
EKN will consult with Sida for each application to confirm this before approving an offer.
Can EKN guarantee transactions to Ukraine that are not within this facility?
Exporters or banks can already apply for cover if a letter of credit (confirmed or unconfirmed) has been issued to secure payment from the Ukrainian buyer. The maximum deferred payment period is 360 days. This falls under EKN’s ordinary credit risk insurance policy for Ukraine.
What does the guarantee cover?
The risk of non-payment by the buyer. Standard conditions apply, with necessary adjustments due to the short time frame.
What is the maximum credit period?
As of 1 June 2025, EKN will be able to issue guarantees for payments falling due up until 2035. Claims must be paid to the guarantee holder by the end of 2035. If the repayment period agreed with the Ukrainian buyer extends beyond that date, EKN cannot cover those payments.
What is the coverage?
EKN can cover up to 95 per cent of the guaranteed commitments. Losses will be shared proportionately between EKN and the guarantee holder.
What is the maximum amount?
The facility amount is approved on a yearly basis. The total guarantee facility was initially 1 776 million SEK (approximately 165 million EUR). For the remaining of 2026, the amount is lowered to 700 million SEK (approximately 60 million EUR). As of now there is about 100 million SEK (approx. 9 million EUR) available. Contact EKN for details.
What is the cost?
EKN will charge the minimum premiums in accordance with international regulations for a country in the highest risk category (country risk category 7 of 7).
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.
Frequently asked questions about guarantees for defence exports to UkrainePage last updated