Norway faces increasing pressure to use its substantial $1.8 trillion sovereign wealth fund to boost support for Ukraine. As US relations with Kyiv sour, Norwegian leaders advocate for increased aid, emphasizing that the country contributes less to Ukraine relative to its Scandinavian neighbors. Currently, Norway has only allocated 0.75% of its GDP for Ukraine, prompting calls from politicians for a more significant commitment. Norway's Prime Minister has announced plans to double the country’s financial aid to approximately $8.1 billion this year, highlighting the urgency of the situation.
Norway has a record-high oil fund that we must now actively use to secure peace and democracy in Europe and Ukraine.
Norway is one of the few countries that has large money easily accessible, and we must therefore double our support to Ukraine immediately.
Norway has spent less on aid to Ukraine than its Scandinavian neighbors, allocating just 0.75% of its GDP, compared to Sweden's 0.91%.
Parliament had agreed to double the country's financial pledge to Ukraine this year, to about $8.1 billion.
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