Frequently asked questions about the Ukraine Faci­lity

Exporters or banks.

Applications can be submitted during 2025. EKN is able to issue guarantees as of 1 February 2025, when the regulation entered into force. Applications must be submitted well before the end of December 2025.

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.

EKN will consult with Sida for each application to confirm this before approving an offer.

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.

The risk of non-payment by the buyer. Standard conditions apply, with necessary adjustments due to the short time frame.

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.

EKN can cover up to 95 per cent of the guaranteed commitments. Losses will be shared proportionately between EKN and the guarantee holder.

The total guarantee facility is 888 million SEK (approximately 77 million EUR). A maximum of 300 million SEK (approximately 26 million EUR) is available per applying company group. This limit per transaction will not apply if funds remain available six months before the facility’s end, that is, by 1 July 2025.

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).