Norway Commits $8.4 Billion In Continued Support For Ukraine

Norway has reaffirmed its commitment to Ukraine with a fresh pledge of financial assistance amounting to $8.4 billion, strengthening its role as one of Kyiv’s key backers in Europe.

Prime Minister Jonas Gahr Støre announced that the Norwegian parliament has approved the significant package, which doubles the country’s aid contribution compared to last year. The funds are expected to cover both military and humanitarian needs as Ukraine continues to defend itself against Russia’s invasion.

The decision comes as pressure mounts on Oslo to increase support for Ukraine, especially at a time when uncertainty surrounds U.S. assistance. Critics and opposition voices have urged the government to make greater use of the nation’s sovereign wealth fund, valued at \$1.8 trillion and sourced mainly from oil and gas revenues, to boost contributions.

Norway traditionally adheres to a strict fiscal rule that allows spending only up to three percent of the fund annually to finance welfare programs and balance the national budget. Finance Minister Jens Stoltenberg has warned against loosening this rule, stressing that any breach should be considered only in moments of genuine crisis.

Nonetheless, Norway has made exceptions before, including exceeding the spending cap during the global financial crash in 2008 and again in 2020 during the COVID-19 pandemic. Supporters of higher aid argue that the war in Ukraine represents another moment of extraordinary need.

With the new pledge, Norway aims to demonstrate its long-term solidarity with Ukraine while balancing domestic financial caution with international responsibility.