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Norway plans to allocate more than $7 billion to Ukraine

Perild by Perild
February 6, 2023
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Norway plans to allocate more than $7 billion to Ukraine
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Norway plans to allocate more than $7 billion to Ukraine

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Norwegian Prime Minister Jonas Gahr Stere has prepared a plan to help Ukraine

Half of the funds will go to the defense of Ukraine, and the other half to civil assistance, the Prime Minister of Norway explained.

The Norwegian authorities plan to provide financial assistance to Ukraine in the amount of NOK 75 billion (about $7.3 billion) over five years. This was reported by the Norwegian national broadcaster NRK on Monday, February 6.

It is indicated that today Prime Minister Jonas Gahr Stere and Finance Minister Trygve Slugsvold Vedum presented a package of assistance to Ukraine at a meeting with faction leaders in the Norwegian parliament Storting.

“We propose to allocate to Ukraine 15 billion NOK (more than $1.4 – ed.) annually for five years. This is 75 billion ($7.3 billion – ed.). There is a proposal that this year 50% will be directed to defense Ukraine, that is, for military assistance, and 50% for civilian assistance,” Stere said.

The prime minister hopes to reach an agreement on the aid package by February 24, the anniversary of Russia’s full-scale invasion of Ukraine.

Earlier it was reported that the Norwegian authorities have prepared a detailed plan for long-term support for Ukraine, designed for five years.

It also became known that Norway’s largest sovereign wealth fund in the world will increase spending on aid to Ukraine.


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Tags: aidallocatebillioncivilFinancial aidfundsHalfmilitary aidNorwayplansUkraineUkraine newswarwar in ukraineWar with Russia

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