Norway plans to give Ukraine more than 7 billion USD over the next 5 years | Europe

Norwegian Prime Minister Jonas Gahr Stoere speaks during a visit to the Equinor liquefied natural gas plant in Melkoeya. (Photo: Archyde.com)

On February 6, Norwegian Prime Minister Jonas Gahr Stoere proposed that the country should provide about 75 billion crowns ($7.3 billion) in aid to Ukraine over the next five years.

Speaking to the press after a meeting with opposition leaders, Prime Minister Stoere stated that this year, 50% of the funding will go to the military while the rest will go to needs. aid humanitarian.

However, Mr. Stoere said that rate could change in the coming years.

In addition, Norway itself will set aside 5 billion crowns this year to aid underdeveloped countries affected by high global food prices after the Russian-Ukrainian conflict started in February 2022.

The proposal still needs to be approved by the National Assembly. The Conservative Party, Norway’s main opposition party, said it expected to support the plan during final talks in the coming weeks.

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In 2022, Norway becomes gas supplier largest in Europe due to Russia reducing gas supply.

The Nordic country is also the second largest oil producer after Russia.

Last year, the Norwegian government’s revenue from petroleum rose to $108 billion, nearly three times the record high recorded in 2008.

The country’s oil revenue rose to the highest level after Russia launched a special operation in Ukraine that caused energy prices skyrocketed last year.

Nguyen Hang (VNA/Vietnam+)

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