From left to right: Governor of Sveriges Riksbank, the central bank of Sweden, Stefan Ingves, Sweden’s Finance Minister Mikael Damberg, Prime Minister Magdalena Andersson and Director General of Finansinspektionen, Sweden’s financial supervisory authority, Erik Thedeen attend a news conference in Stockholm. Photo:  EPA-EFE
From left to right: Governor of Sveriges Riksbank, the central bank of Sweden, Stefan Ingves, Sweden’s Finance Minister Mikael Damberg, Prime Minister Magdalena Andersson and Director General of Finansinspektionen, Sweden’s financial supervisory authority, Erik Thedeen attend a news conference in Stockholm. Photo: EPA-EFE

Sweden, Finland to offer utility firms billions of dollars in liquidity guarantees

  • Sweden will provide Nordic, Baltic utilities up to US$23.2 billion in credit guarantees while Finland aims to offer US$9.95 billion
  • Surging energy prices in Europe have made it more expensive for utilities to buy and sell electricity, because of the collateral required for trades on power markets

From left to right: Governor of Sveriges Riksbank, the central bank of Sweden, Stefan Ingves, Sweden’s Finance Minister Mikael Damberg, Prime Minister Magdalena Andersson and Director General of Finansinspektionen, Sweden’s financial supervisory authority, Erik Thedeen attend a news conference in Stockholm. Photo:  EPA-EFE
From left to right: Governor of Sveriges Riksbank, the central bank of Sweden, Stefan Ingves, Sweden’s Finance Minister Mikael Damberg, Prime Minister Magdalena Andersson and Director General of Finansinspektionen, Sweden’s financial supervisory authority, Erik Thedeen attend a news conference in Stockholm. Photo: EPA-EFE
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