Energy spending soaring Sweden provides liquidity guarantee to power companies

Xinhua News Agency, Stockholm, September 4th (Reporter Fu Yiming) The Swedish government announced recently that it will provide power companies in the Northern Europe and the Baltic region with a liquidity guarantee of hundreds of billions of Swedish Cracks (1 Swedish Crown, about $ 0.09). The current situation of the power market pages the stability of national finance.

The Swedish government said at a press conference on the 3rd that the power company involved was the power company registered by the Nordic and Baltic regions registered by the Nasdaq clearing company under the Stockholm Stock Exchange. High electricity prices have greatly increased the full guarantee that power companies must provide during power transactions, which leads to lack of liquidity in power companies. Although the financial situation of the power company is basically good, they may still go bankrupt.

"After Russia announced the reduction of natural gas supply to Europe, this is an important information that we are released to stabilize the financial market in the face of extreme conditions." Swedish Minister of Finance Danberi said at a press conference. According to reports, the Swedish government's move aims to ensure the stability of the power market and minimize its interference with the financial system.

Swedish Prime Minister Anderson said that these guarantees are expected to be in place before closing on the 5th. She said: "If we do not take action, the financial system will face serious risks, and the worst case may lead to the financial crisis."

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