The Nordic country has so far spent €3.35 billion on aid to Ukraine, paling in comparison to its Nordic counterparts Denmark and Sweden.

Norway is considering tapping its sovereign wealth fund to dramatically increase its support for Ukraine amid signs that US military backing is waning. Europe is in crisis mode after a bitter clash between Trump and Zelenskyy at the White House, and the Trump administration is reportedly considering cutting off all military supplies to Ukraine. Norway is sitting on €1.7 trillion in the world’s largest sovereign wealth fund, including an estimated €109 billion in war-related profits from increased gas prices in 2022 and 2023. The Nordic country has so far spent €3.35 billion on support to Ukraine - an amount described on Thursday as “pathetic” and “reprehensible” by the editors of major Swedish and Danish newspapers, whose countries, according to the same data, have contributed €5.41 billion and €8.05 billion respectively. “Norway is one of the few countries that has large amounts of money readily available, and we must therefore multiply our support for Ukraine immediately,” Liberal Party leader Guri Melby said on Saturday.

  • turnip@sh.itjust.worksEnglish
    36·
    24 hours ago

    What sentence in this article says who is suggesting this, I can’t find it.

    • boonhet@lemm.eeEnglish
      6·
      23 hours ago

      It’s indirectly referring to the sovereign fund, but (emphasis mine):

      “Norway is one of the few countries that has large amounts of money readily available, and we must therefore multiply our support for Ukraine immediately,” Liberal Party leader Guri Melby said on Saturday.

      Norway’s support should be increased “significantly” and “fast”, Norway’s former Conservative prime minister, Erna Solberg, said in a statement. “The government can safely assume there is will in Parliament to give more,” she added.

      The leader of the Greens, who are currently polling at 2.7%, reiterated their proposal that Norway should pledge €85.5 billion to Ukraine.

      • turnip@sh.itjust.worksEnglish
        21·
        16 hours ago

        Ah I see it just infers it will dip into it and doesn’t provide much detail, thank you kind sir.