Sweden to Provide Ukraine with $7 Billion in Military Aid over Three Years

The Swedish government has agreed with the Sweden Democrats party on a program of additional military support for Ukraine totaling 75 billion kronor ($7.01 billion) over three years, according to a government statement.

The 75 billion kronor will be evenly distributed over the three years.

“In order to strengthen Swedish support for Ukraine, the government and the Sweden Democrats agree to introduce a framework program of military support for Ukraine for 2024-2026. Sweden will increase support, and the framework is 75 billion Swedish kronor for military support for 2024-2026, 25 billion Swedish kronor per year,” the Swedish government statement said.

With this proposal, the total military and civilian support for Ukraine from Sweden will amount to over 100 billion Swedish kronor. Military assistance to Ukraine can be provided, for example, in the form of free transfers of defense equipment, financial contributions, and financial support for the purchase of defense equipment.

The government noted that this program could strain state finances for several years and even after 2026.

“After Russia’s invasion of Ukraine, the security situation in Europe is the most serious since World War II. This means that rearmament within the country must continue simultaneously with support for Ukraine. Therefore, the parties to the cooperation also agree that support for Ukraine is carried out in such a way as not to undermine the development of Sweden’s defense potential and not to harm other necessary reforms,” the Swedish government stated.