Norway: Siltanews-News Desk
Norway has agreed to raise its planned fiscal support for Ukraine next year to 30 billion crowns ($2.7 billion) from 27 billion crowns this year, Prime Minister Jonas Gahr Stoere said on Tuesday, reversing an earlier proposal to cut the spending.
The minority center-left government had last month proposed allocating just 15 billion crowns to Ukraine in 2025, triggering criticism from opposition parties.
The government has said it wants a broad coalition to support the country’s Ukraine donations. The opposition Conservative Party has proposed spending 45 billion crowns in 2025. Norway’s income from oil and natural gas soared in the wake of Russia’s 2022 invasion of Ukraine as energy prices jumped, boosting the size of the Norwegian sovereign wealth fund.