1 Oct 2025/PSSI

The Prague Security Studies Institute (PSSI) and Dagens industri, Sweden’s leading business newspaper, recently collaborated in an investigation into how Sweden's national pension fund has invested millions in companies with links to Myanmar's military junta.

Despite the United Nations claiming that the Burmese military's actions can be qualified as crimes against humanity, Dagens industri and PSSI found that the Swedish national pension fund, AP7, has invested in six companies with close links to the regime. 

The companies have supplied torpedoes, radar, and remotely operated weapons to the junta, developed Myanmar's oil and gas infrastructure (with gas revenues being the regime’s largest source of income), and built out Myanmar’s state-run telecommunications network, enabling surveillance of dissidents and perceived political threats. Evidently, AP7’s portfolio is extensively tied to human rights violations and authoritarian regimes - with the investments into these six Myanmar-linked companies valued at just under 2 billion SEK (approximately 180 million euro).

Read the article in full here.