Norway Commits $9 Billion in Financial Support to Ukraine for 2027
Norway's Ongoing Financial and Political Backing for Ukraine
Financial Commitment for 2027
OSLO, Aug 23 (Reuters) - Norway plans to give another 85 billion Norwegian crowns ($9.2 billion) in financial support to Ukraine in the 2027 fiscal year, in line with the amount given in 2026, the Nordic country's government said in a statement on Sunday.
Nordic and Baltic Solidarity
Norwegian Prime Minister Jonas Gahr Stoere and leaders from across the Nordic and Baltic region are visiting Kyiv on Sunday in a show of support for Ukraine in the war with Russia.
Breakdown of Norway's Support
Norway's donation will be for both military and humanitarian spending, Stoere was quoted as saying in the text of a speech released by the government in Oslo.
Strategic Importance of Aid
"Supporting and rebuilding Ukraine is not assistance alone. It is an investment in Europe's own security," Stoere said.
Russian Response and Escalation
In comments published on Saturday, Russian President Vladimir Putin said that Kyiv had opened a "Pandora's box" with its strikes on Russian economic targets and that Moscow would hit back at Ukraine's "most sensitive economic sectors".
Drone Campaigns and Economic Warfare
Russia and Ukraine are both ramping up drone campaigns aiming to cripple each other's economic infrastructure, often striking targets far beyond the frontlines of the war started by Moscow, as fighting on the battlefield grinds toward the 4-1/2-year mark.
Additional Information
($1 = 9.2875 Norwegian crowns)
(Reporting by Terje Solsvik; Editing by Emelia Sithole-Matarise)
