Norway will more than double its financial pledge to Ukraine this year while also hiking its own defence spending, the prime minister said on Thursday, declaring the Nordic country faced its most serious security situation for 80 years. Norway, home to the world’s largest sovereign wealth fund with assets of $1.8 trillion, has seen soaring income from gas sales to Europe as a result of Russia’s 2022 Ukraine invasion, and faces pressure at home and abroad to increase its aid.
UPDATE 4-Norway more than doubles Ukraine aid to $7.8 billion in 2025
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