Norway approves $7 bn aid package for Ukraine

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Norway approves $7 bn aid package for Ukraine
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Norwegian parties on Thursday backed an aid package worth 75 billion Norwegian kroner ($7.4 billion) for Ukraine to be spread out over five years.

OSLO, Norway – Norwegian parties on Thursday backed an aid package worth 75 billion Norwegian kroner for Ukraine to be spread out over five years.

“Now you’re setting a very important precedent for long-term financial support to a country that defends its independence and the right of every nation to live in accordance with generally recognised international norms”, Ukrainian President Volodymyr Zelensky told MPs via a video link. Following Russia’s invasion of Ukraine, Norway rose to become Europe’s main supplier of natural gas, and has thus benefitted from soaring prices — sometimes earning it the label of “war profiteer”.

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