City fund defense industry investment proposal debated

Councillor Dennis Wedin (M) has proposed that the City of Stockholm amend its financial policy to permit investments in the European defence industry, arguing it would strengthen Swedish and European defence given the current security situation. However, the City Executive Office advises against this, citing the city's SEK 80 billion net debt and lack of funds for such long-term investments, with existing liquidity needed for short-term payments. Councillor Karin Wanngård concurs, suggesting the motion be dismissed based on these points and noting the city already supports Ukraine through other means.