Norway pledges $11 billion in support to Ukraine at Kyiv summit

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On August 23, Norwegian Prime Minister Jonas Gahr Store announced that Norway would provide US$9 billion in support to Ukraine in 2027, maintaining the same funding level as the current year. This pledge occurred in Kyiv during a gathering of Baltic and Nordic leaders ahead of a meeting of the 'Coalition of the Willing' on August 24. The support, primarily directed toward the Ukrainian military, was announced as President Volodymyr Zelensky highlighted a US$27-billion budget deficit. Zelensky noted that without approximately US$10 billion by the end of the year, the Ukrainian army would face critical shortages in weaponry.

Consequences

The promised funding is intended to address significant financial shortfalls and military resource gaps that have persisted since the Russian invasion began in 2022. Additionally, the upcoming meeting of the Coalition of the Willing aims to increase international pressure on Russia to halt the invasion before the onset of winter.

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