Norway increases funding to Ukraine by US$1 billion over 2 years

The Norwegian government decided to increase its funding to Ukraine with the aim of supporting the Ukrainian government with delivering services and humanitarian assistance to the public. According to Prime Minister Jonas Gahr Støre, the increased funding will help promote stability and prevent more people from fleeing the country. 

Over the next two years, Norway will increase its support to Ukraine by NOK10 billion (US$1 billion). A significant proportion of this funding will be provided during the second half of 2022. The funding will specifically target budget support to the administration of the Ukrainian government, humanitarian assistance, reconstruction efforts, and weapons.

The 2022 funding will be additional to the support given through the revised national budget. So far, Norway has supported Ukraine and neighboring countries with over NOK2.1 billion (US$212 million) in funding in 2022. According to the Ministry of Foreign Affairs, Norway is the third-largest contributor to the World Bank multi-donor trust fund for Ukraine, after the US and the UK.

Press release – Ministry of Foreign Affairs