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Sweden Offers Liquidity Support to Region’s Energy Producers

Lights on in homes and businesses at dusk in Gothenburg, Sweden.

Lights on in homes and businesses at dusk in Gothenburg, Sweden.

Photographer: Nora Lorek/Bloomberg
Updated on

Sweden’s government will provide liquidity guarantees to Nordic and Baltic utilities as Prime Minister Magdalena Andersson warned that Russia’s decision to halt gas exports put the region’s financial stability at risk.

The guarantees -- designed to help companies struggling to meet the surging collateral requirements needed to trade electricity -- will amount to “hundreds of billions” of kronor and be in place before stock markets close on Monday, Andersson told journalists on Saturday in Stockholm.