Finance
Norway gives $400 million to Ukraine for energy sector, administration
Published by Global Banking & Finance Review®
Posted on January 12, 2026
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 12, 2026
2 min readLast updated: January 20, 2026
Norway commits $400 million to aid Ukraine's energy sector, ensuring critical services amid ongoing Russian attacks. This is part of a larger European support initiative.
Jan 12 (Reuters) - Norway said on Monday it was providing 340 million euros ($397 million) in emergency funding to support Ukraine's energy sector and help the government maintain critical services, as part of the Nordic country's wider aid to the war-torn nation in 2026.
Russian attacks have long targeted Ukraine's energy network and have become more intense in recent months at a time of plunging winter temperatures.
The Norwegian parliament late last year allocated 85 billion crowns ($8.45 billion) for aid to Ukraine, with 70 billion going to military support and 15 billion to civilian and humanitarian aid.
The civilian package allotted 4.8 billion crowns to energy security and supply, followed by 4 billion for budget support and reconstruction and 3.5 billion for humanitarian assistance, with additional funding designated for business development, civil society and governance reforms, and support for Moldova.
European countries are backing Ukraine in its defence against Russia, with EU leaders recently agreeing to a 90 billion euro loan.
($1 = 10.0651 Norwegian crowns)
($1 = 0.8560 euros)
(Reporting by Jagoda Darlak, editing by Terje Solsvik)
Humanitarian aid refers to assistance provided to people in need, particularly during crises such as natural disasters or conflicts, aimed at saving lives and alleviating suffering.
International cooperation involves countries working together to address global issues, share resources, and support each other in areas such as humanitarian aid and economic development.
Emergency funding is financial assistance provided quickly to address urgent needs, often in response to crises such as natural disasters or humanitarian emergencies.
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