AP

Oil-rich Norway donates $7.4 billion in aid to Ukraine

Feb 15, 2023, 11:52 AM | Updated: Feb 16, 2023, 3:41 am

Norways Prime Minister Jonas Gahr Støre, presents the political agreement on the Ukraine program, ...

Norways Prime Minister Jonas Gahr Støre, presents the political agreement on the Ukraine program, with Ukrainian President Volodymyr Zelenskyy participation via video link, at the Norwegian parliament, in Oslo, Thursday, Feb. 16, 2023. Oil-rich Norway is looking to donate 75 billion kroner ($7.3 billion) to Kyiv as part of a five-year support package that would make the Scandinavian country one of the world's biggest donors to war-torn Ukraine. (Terje Pedersen/NTB Scanpix via AP)

(Terje Pedersen/NTB Scanpix via AP)

COPENHAGEN, Denmark (AP) — The parliament of oil-rich Norway on Thursday announced that the Scandinavian country is donating 75 billion kroner ($7.4 billion) to Kyiv as part of a five-year support package, making Norway one of the world’s biggest donors to war-torn Ukraine.

In a video address to the 169-seat parliament, Ukrainian President Volodymyr Zelenskyy thanked Norway for the donation.

“You are creating a precedent for long-term financial support for a state that’s defending its independence,” Zelenskyy said.

The 10 Norwegian party leaders spoke afterward to express their support to the package. Only the socialist Red Party, which has eight seats, opposed the donation, because part of the money was earmarked for weapons. No vote was held.

The money will be split evenly between military and humanitarian assistance over five years, broken down to 15 billion kroner ($1.5 billion) annually.

The Russian invasion of Ukraine a year ago was “the first attack in Europe since World War II,” Gahr Støre said.

He added that the money was from oil income, and the donation should not affect the Norwegian economy.

“This is money out of Norway that we should not use or would not use in Norway right now” he added.

Norway is one of Europe’s largest fossil-fuel exporters, and the conflict in Ukraine has boosted its revenues as European countries previously reliant on Russia seek alternative energy sources. However, Norway has fended off accusations that it’s profiting from the war in Ukraine.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Image: Members of the Makah Indian tribe paddle away from the rising sun as they head from Neah Bay...

Associated Press

Washington’s Makah Tribe clears major hurdle toward resuming traditional whale hunts

The U.S. granted the Makah Indian Tribe a long-sought waiver that helps clear the way for its first sanctioned whale hunts since 1999.

5 hours ago

jerry west...

Tim Reynolds, The Associated Press

Jerry West, a 3-time Hall of Fame selection and the NBA logo, dies at 86

Jerry West, a three-time Basketball Hall of Fame inductee whose silhouette is considered to be the basis of the NBA logo, died Wednesday morning.

1 day ago

Photo: Construction vehicles are parked outside of the Station U & O building on Tuesday, June 11, ...

Haleluya Hadero, The Associated Press

Amazon adds $1.4B to affordable housing fund for regions where it has corporate offices

Amazon is adding $1.4B to a fund for building more affordable housing in regions where the company has major corporate offices.

2 days ago

hunter biden...

Randall Chase and the Associated Press

Hunter Biden convicted of all 3 felony charges in federal gun trial

Hunter Biden has been convicted of all three felony charges related to the purchase of a revolver in 2018, but no sentencing date was set.

2 days ago

Photo: A Bremerton man who made 20 "swatting" calls around the U.S. and in Canada, prompting real e...

Associated Press

Bremerton man sentenced for 20 ‘swatting’ calls of false threats in US, Canada

A Bremerton man who made 20 "swatting" calls around the U.S. and in Canada, prompting real emergency responses, has been sentenced.

3 days ago

Image: U.S. Secretary of Defense Lloyd Austin, left, speaks with Ukraine's President Volodymyr Zele...

Associated Press

Ukraine uses US weapons to strike inside Russia, a Western official tells AP

Ukraine has used U.S weapons to strike inside Russia in recent days, according to a Western official familiar with the matter told the AP.

8 days ago

Oil-rich Norway donates $7.4 billion in aid to Ukraine