HomeWorldEuropeNorway to give over $9 billion to Ukraine in 2027

Norway to give over $9 billion to Ukraine in 2027

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OSLO, Aug 23 (Reuters) - ‌Norway plans to give another 85 ​billion Norwegian crowns ($9.2 billion) in financial support to Ukraine in ⁠the 2027 fiscal year, in line with the amount given in 2026, the Nordic country's government ​said in a statement on Sunday.

Norwegian Prime Minister Jonas Gahr ‌Stoere and leaders from across the Nordic and Baltic region are visiting Kyiv on Sunday in a show ⁠of support for Ukraine in the ⁠war with Russia.

Norway's donation will be for both military and humanitarian spending, Stoere was quoted as saying in the text of a speech released by ‌the government in Oslo.

"Supporting and rebuilding Ukraine is not ⁠assistance alone. It is an ‌investment in Europe's own security," Stoere ​said.

In comments published on Saturday, Russian President Vladimir Putin said that Kyiv had opened a "Pandora's box" ‌with its strikes on Russian economic ​targets and that ⁠Moscow would hit back at Ukraine's "most sensitive economic ‌sectors".

Russia and Ukraine are ⁠both ramping up drone campaigns aiming to cripple each other's economic infrastructure, often striking targets far beyond ​the frontlines of ‌the war started by Moscow, as fighting on the ⁠battlefield grinds toward the ​4-1/2-year mark.

($1 = 9.2875 Norwegian crowns)

(Reporting by Terje Solsvik; ​Editing by Emelia Sithole-Matarise)

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