Norway Plans to Increase Financial Support for Ukraine to Nearly $13 Billion

by Roman Cheplyk
Tuesday, October 8, 2024
2 MIN
Norway Plans to Increase Financial Support for Ukraine to Nearly $13 Billion

The Norwegian government proposes extending the Nansen Support Program for Ukraine until 2027, raising total funding to NOK 135 billion ($12.7 billion)

Key Highlights

  • Increased Funding Proposal: The Norwegian government plans to boost the total financing of the Nansen Support Program for Ukraine from NOK 75 billion to NOK 135 billion (approximately $12.7 billion).

  • Extension of Support: The program's duration will be extended by an additional three years, continuing until 2027.

  • Annual Allocation Increase: For 2024, Norway is increasing its allocation to NOK 27 billion to support Ukraine.

  • Prime Minister's Statement:

    • Jonas Gahr Støre, Prime Minister of Norway, announced:

      "Ukraine is in great need of both military and civilian support in its fight against Russia. We are increasing the allocation for 2024 to NOK 27 billion. At the same time, we are extending the Nansen Support Program for Ukraine for another three years and increasing the total amount of funding from NOK 75 to 135 billion."

  • Minimum Funding Commitment: The proposed amount is considered a minimum, with the possibility of further increases based on ongoing assessments of Ukraine's needs.

  • Parliamentary Briefing: The government has informed the Storting (Norwegian Parliament) about the expanded scope and objectives of the support program.

  • Previous Support Totals:

    • Since the start of Russia's large-scale invasion, Norway has provided Ukraine with approximately NOK 52.6 billion.
      • Military Support: About NOK 28 billion.
      • Civilian Support: Approximately NOK 24 billion.

Background

  • Nansen Support Program for Ukraine:

    • Named after Norwegian explorer and humanitarian Fridtjof Nansen, the program represents Norway's commitment to support Ukraine through both military aid and civilian assistance.

    • Initially set at NOK 75 billion, the program's funding is now proposed to increase significantly to address the escalating needs of Ukraine.

  • Ongoing Evaluation:

    • Prime Minister Støre emphasized that the funding levels are flexible and subject to increase, stating that the proposed amount is more of a starting point than a cap.

    • The Norwegian government will continuously assess the situation to determine if additional resources are required.


Implications

  • Strengthened Support for Ukraine:

    • The increased funding aims to bolster Ukraine's defense capabilities and support civilian infrastructure amidst ongoing conflict.

    • Norway's commitment sends a strong signal of solidarity with Ukraine in the international community.

  • Enhanced Military and Civilian Aid:

    • The allocation covers a broad spectrum of support, including military equipment, humanitarian aid, and reconstruction efforts.

Conclusion

Norway's proposal to extend and increase the Nansen Support Program underscores its dedication to assisting Ukraine during a critical period. By providing substantial financial resources, Norway aims to contribute significantly to Ukraine's defense and recovery efforts, while also remaining adaptable to the country's evolving needs.

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