This report deals with geopolitical risks and the Swedish economical exposure in Northeast Europe. Countries included in the analysis, besides Sweden, are Russia and all common neighbouring countries: Finland, Denmark, Norway, Poland and the Baltic states. The aim of the report is to stimulate discussion about the impact of security on economic growth prospects.

The report consist of three parts. The first describes Swedish companies’ trade and investment exposure in the area, which provides a factual base concerning the economic activity at stake. The second part is an outline of the geopolitical realities and risks based on the evolving regional security environment. The third part presents three scenarios concerning the geopolitical developments and their possible consequences. The overall conclusion is that Sweden’s economic exposure is significant, despite the more limited direct exposure to Russia.



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