14:34 06 Feb 2023

Norway to provide $7 billion in aid to Ukraine

Norway's Prime Minister Jonas Gahr Stoere, Kyiv, Ukraine July 1, 2022. Ukrainian Presidential Press Service/Handout via REUTERS

Norway's Prime Minister Jonas Gahr Støre has offered that his government gives Ukraine assistance worth roughly 75 billion Norwegian crowns ($7 billion).

"We aim to secure a unified agreement on this in parliament," Støre said, speaking at a press conference following his meeting with opposition leaders.

The Guardian reports that half of the aid in 2023 is set to go to Ukraine's military needs. The rest will be directed to humanitarian needs, although that aid distribution might change.

Earlier, it was reported that Norway is considering providing more aid to Ukraine after receiving more oil revenues since the russian oil price cap.

Oil and gas revenues in the rich Scandinavian nation have surged to record highs over the past 12 months as energy costs tripled following russia's invasion of Ukraine, as Norway overtook russia's position as Europe's top natural gas provider.

Støre has already rejected any claims that Norway was making money off the war. PM said he strongly rejected the idea last week and promised to make a significant "multi-year support package" announcement soon.

In addition, PM Støre said today that Norway ought to provide an additional 5 billion Norway crowns in aid to impoverished countries that are struggling with skyrocketing food costs worldwide as a result of russia's war in Ukraine.

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