Sweden to allocate 250 billion kronor for liquidity guarantees to energy companies

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The Swedish government plans to provide SEK 250 billion ($23.18 billion) liquidity guarantee to national energy companies to maintain financial stability amid high prices in this area. This was stated by the kingdom’s Finance Minister, Mikael Damberg. author TASS.

So far, high and volatile electricity prices have caused liquidity shortages for NASDAQ-listed electricity producers, he said.

“The situation has worsened after Russia’s last statement on reducing gas supplies to Europe. “To ensure the liquidity of these energy companies, the government today is presenting a proposal that means the government can guarantee loans of up to 250 billion,” he said.

It’s September 2nd knownGazprom has suspended Nord Stream indefinitely due to turbine failure.

On the eve of the representative of “Gazprom” declarationreported that the company supplies 42.7 million cubic meters of gas per day to Europe via Ukraine via the Sudzha station.

Average settlement price of gas in Europe in September, August 3 jumped It rose 35% to $2,450 per thousand cubic meters and also reached a record high of $3,500 for the first time against the backdrop of the complete shutdown of Nord Stream.

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