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Sweden Steps Up Election Defenses Against AI-Driven Foreign Influence

Sweden is strengthening efforts to detect foreign information influence and coordinated attempts to manipulate political debate ahead of its general election. Authorities are focusing on how artificial intelligence and social media are changing the creation, distribution and amplification of political messages.

The government said greater resilience is needed because of the current security environment, rapid technological developments and lessons from elections elsewhere in Europe.

AI Network Shows How Influence Tactics Are Evolving

The Swedish Psychological Defence Agency last week reported a partly AI-powered network of about 1,200 fake accounts on X known as Holiday. The network generated more than 50,000 posts, comments and shares during 2025 and 2026 and was used for malign influence targeting Sweden and other countries.

Sweden’s central bank first identified the accounts after employees took part in an agency exercise, and X later removed the network. Holiday has not been directly linked to this year’s election, but authorities released the findings ahead of the vote to highlight emerging tactics.

TikTok And AI Change How Voters Get Information

One in 10 Swedes uses AI services to ask questions about politics or social issues, according to an April report from Sweden’s Internet Foundation. Among first-time voters, the share rises to one in four.

Recommendation systems can amplify sensational or emotionally charged content because it generates stronger engagement. Generative AI also allows networks to produce large volumes of material across multiple accounts at relatively low cost.

In February, Swedish public radio identified four TikTok accounts featuring AI-generated young women that promoted far-right and anti-immigration messages. The broadcaster found indications that the accounts were operated by the same actor.

Authorities Monitor Rising Online Activity

A Swedish Psychological Defence Agency poll found that 64% of adults believe foreign attempts to influence Sweden this year are very or quite likely. Meanwhile, the Swedish Defence Research Agency said election-related posts increased from about 1,000 a day to almost 2,400 shortly before early voting began.

Researchers have detected coordinated posting, identical content and fake accounts, but said the scale remains limited. So far, they have not attributed the activity to an organized foreign campaign.

Migration Remains A Key Disinformation Target

Migration-related narratives remain a particular focus because they have featured prominently in Russian disinformation efforts. Researchers have monitored claims that Sweden is being “Islamified,” that migrants were brought in to support left-wing parties and that electoral fraud is taking place.

“When we look at the topics that Russia has been pushing before, this is outgrowing every other topic, even support for Ukraine,” said Ola Svenonius, a senior researcher at the Swedish Defence Research Agency.

Despite these narratives, Sweden is not currently considered a priority target for Russian information influence by the Swedish Psychological Defence Agency. Svenonius said Moscow may instead focus on other elections, including German state contests.

Sweden Builds On Lessons From Earlier Elections

Authorities say Sweden is now better prepared to identify suspicious activity than during previous election cycles. Svenonius, who has monitored the country’s election information environment since 2018, said institutional awareness has also improved.

“We should be concerned,” he said. “We shouldn’t be panicked, but concerned for sure.”

EU Agrees On Major Overhaul Of Financial Market Supervision

European Union finance ministers have reached agreement on a sweeping package designed to strengthen oversight of the bloc’s financial markets, in a move aimed at reducing fragmentation and improving the flow of capital across borders.

A Push To Deepen Capital Markets

The Market Integration and Supervision Package, or MISP, would grant the European Securities and Markets Authority direct supervision over major market operators that are currently regulated by national authorities. The reforms are intended to make Europe’s capital markets more integrated, more efficient and better able to channel savings into productive investment.

According to the Irish presidency, the package is meant to help savings and investments move more freely across the European Union, improving access to finance for companies while giving households broader opportunities to earn returns on their savings.

What The Reform Would Change

Under the new framework, ESMA would take direct oversight of key trading venues, clearing houses, securities settlement bodies and crypto-asset service providers. The package would also establish a permanent, independent executive board within the regulator, strengthening its institutional capacity.

Market operators would be able to opt into a new EU-wide operating framework. In parallel, the reforms would seek to make national supervision more consistent and update rules governing trading, transaction completion, investment management and the use of blockchain technology.

Why The Agreement Matters

Supporters of deeper capital markets argue that Europe has long paid a price for regulatory inconsistency. While many rules are harmonised across the bloc, differences in enforcement and supervision have contributed to a patchwork system that can make cross-border investment slower and more costly.

A more integrated framework, proponents say, could lower costs for companies seeking funding and broaden the menu of investment options available to savers and institutional investors alike.

Outstanding Questions Remain

Despite the broad agreement, some important details remain unresolved. Trading venues operated by Deutsche Börse, the company behind the Frankfurt stock exchange, may remain outside ESMA’s direct supervision.

Euronews previously reported that Germany had secured an exemption for Deutsche Börse’s domestically focused trading venues, leaving part of the system under regional supervision. The latest announcement did not clarify whether that arrangement will stand.

A Step Forward For The Savings And Investments Union

Dutch Finance Minister Eelco Heinen welcomed the deal, calling it a major advance for the Capital Markets Union and saying Europe had made more progress in 10 months than in the previous 10 years.

The agreement is an important milestone in the Savings and Investments Union, the EU’s broader effort to channel more of Europeans’ savings into investments that can support growth, innovation and competitiveness across the bloc.

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