Norway Aims to Donate Over $7 Billion in New Financial Aid Package to Ukraine
Norway unveiled on Monday a plan proposing to donate 75 billion Norwegian crowns (about $7.3 billion) to Ukraine as part of a five-year support package.
Jonas Gahr Store, prime minister of the Scandinavian country, said during a news conference that the proposed package will be put to a vote in parliament, noting that he expects a parliamentary majority to pass the proposal in the coming weeks.
Store said the money would be split evenly between military and humanitarian assistance over five years, broken down to 15 billion crowns ($1.5 billion) annually.
“Committing to a multi-year package enables us to give predictability to the Ukrainian government and its donors and partners. And not least send the message to the Ukrainian people, that we are ready to stand by them, for as long as it takes,” Store said in a speech at the Leangkollen Security Conference—a two-day conference held in Asker, Norway, each year during the first half of February….