The Norwegian government announced on November 21, 2022, that it has decided to help Ukraine with the purchase of gas for the winter by providing financing in the amount of NOK 2 billion ($195 million).
Source: The Minister of Finance of Norway Trygve Slagsvold Vedum
The funds, which are part of a previously announced aid package of 10 billion crowns, will come through the European Bank for Reconstruction and Development (EBRD).
“It is important to channel the support through an established, internationally recognized organization, which will ensure effective and transparent use of the funding,” the Minister of Finance of Norway Trygve Slagsvold Vedum said in a statement.
Earlier, it became known that Norway will donate about NOK 1.5 billion (about €150 million) to the recently created International Fund for Ukraine.
In addition, Norway sanctioned more than 1,260 Russian people and 115 legal entities due to Russia’s war against Ukraine. The latest sanctions Norway imposed against 30 individuals and seven organizations, including several entities involved in the so-called Russian referendums in the occupied regions of Ukraine.
See also: Norway and the Netherlands allocate €250M to the International Fund for Ukraine
