On February 6, Norwegian Prime Minister Jonas Gahr Stoere proposed that the country should provide about 2 billion crowns ($75.7 billion) to Ukraine over the next five years.
Ukrainian soldiers take part in the international exercise "Rapid Trident" in the western city of Lviv.
Speaking to reporters after a meeting with opposition leaders, Stoere said that this year, 50 percent of the funding will go to the military while the rest will go to humanitarian aid needs. However, Stoere said the rate could change in the coming years. Norway will also set aside 5 billion crowns this year to provide aid to underdeveloped countries affected by rising global food prices after the Russia-Ukraine conflict erupted in February 2.
The proposal still needs to be approved by Congress. The Conservative Party, Norway's main opposition party, said it expected to back the plan in the final talks in the coming weeks.
In 2022, Norway became Europe's largest gas supplier due to Russia's reduced gas supply. The Nordic country is also the second largest oil producer after Russia. Last year, the Norwegian government's revenue from gasoline rose to $108 billion, almost 3 times higher than the record high recorded in 2008. The country's oil revenues rose to their highest levels after Russia launched a special operation in Ukraine that sent energy prices soaring last year.
Ukrainian soldiers take part in the international exercise "Rapid Trident" in the western city of Lviv.
Speaking to reporters after a meeting with opposition leaders, Stoere said that this year, 50 percent of the funding will go to the military while the rest will go to humanitarian aid needs. However, Stoere said the rate could change in the coming years. Norway will also set aside 5 billion crowns this year to provide aid to underdeveloped countries affected by rising global food prices after the Russia-Ukraine conflict erupted in February 2.
The proposal still needs to be approved by Congress. The Conservative Party, Norway's main opposition party, said it expected to back the plan in the final talks in the coming weeks.
In 2022, Norway became Europe's largest gas supplier due to Russia's reduced gas supply. The Nordic country is also the second largest oil producer after Russia. Last year, the Norwegian government's revenue from gasoline rose to $108 billion, almost 3 times higher than the record high recorded in 2008. The country's oil revenues rose to their highest levels after Russia launched a special operation in Ukraine that sent energy prices soaring last year.