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Sweden to contribute about $5 million to NATO fund for Ukraine assistance

Sweden to contribute about $5 million to NATO fund for Ukraine assistance Swedish flag (Getty Images)
Author: Maria Kholina

Sweden will allocate 50 million Swedish kronor (about 5 million U.S. dollars) to the NATO fund to assist Ukraine. The funds will be used for military equipment, fuel, and medicines, according to the Swedish government's press service.

As reported, the NATO assistance fund for Ukraine will receive 50 million Swedish kronor, with the money directed towards supporting underfunded projects such as the acquisition of defense equipment, fuel, medicines, and demining equipment.

In addition, Sweden will transfer 5 million Swedish kronor to NATO's targeted fund for the development of defense capabilities for Moldova. These funds will be utilized for the purchase of equipment, training, and support for reforms.

Another 5 million Swedish kronor will be provided to Georgia, with the funds earmarked for projects in areas such as crisis resolution, cybersecurity, and intelligence exchange.

Sweden's assistance to Ukraine

On December 11, 2023, the Swedish government announced a new aid package for Ukraine amounting to 1.4 billion kronor (133.5 million dollars). These funds will be directed towards supporting Ukrainians during the winter.

Furthermore, on November 26, 2023, Prime Minister of Sweden Ulf Kristersson said that the country will provide financial assistance to Ukraine, with the money allocated for the Grain From Ukraine initiative.