RESOLVING THE LEDGER
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See the full story · 2 sourcesUkraine's President Volodymyr Zelensky greets Norway's Prime Minister Jonas Gahr Stoere on Aug 23, before the Ukraine-Nordic-Baltic summit in Kyiv.
Listen KYIV - Norway will give US$9 billion (S$11.4 billion) to Kyiv in 2027, its prime minister said Aug 23, as the leaders of Baltic and Nordic countries gathered in Kyiv in a show of support.
Kyiv will on Aug 24 host a meeting of the Coalition of the Willing – a French-British-led initiative – to discuss how to ramp up both support for Ukraine and pressure on Russia to halt its invasion ahead of the winter.
“Norway’s support to Ukraine next year will be at the level of this year: US$9 billion, a record high,” Prime Minister Jonas Gahr Store told reporters.
Oslo said the majority of the support would go to Ukraine’s military.
Kyiv has faced huge financial shortfalls since Russia invaded in 2022. The invasion has destroyed swathes of the country, forced millions out of their homes and killed thousands of civilians.
Zelensky said on Aug 23 that his army has a US$27-billion deficit, without giving precise details.
He urged the European Union to advance payments on part of a €90 billion (S$133 billion) loan to cover the gap in 2026.
Without some US$10 billion by the end of the year, his soldiers will not have enough weapons, the Ukrainian leader warned.
Since 2022, Kyiv has relied on tens of billions of dollars in support to keep its economy afloat and its army able to fight the war. AFP
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