Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Norway pledges 1 billion euros to support Ukraine

Published 01/07/2022, 17:10
Updated 02/07/2022, 02:21
© Reuters. A local resident sits on a bench near an apartment building damaged during Ukraine-Russia conflict in the city of Sievierodonetsk in the Luhansk Region, Ukraine July 1, 2022. REUTERS/Alexander Ermochenko

© Reuters. A local resident sits on a bench near an apartment building damaged during Ukraine-Russia conflict in the city of Sievierodonetsk in the Luhansk Region, Ukraine July 1, 2022. REUTERS/Alexander Ermochenko

(Reuters) - Norway on Friday pledged 1 billion euros ($1.04 billion) to help Ukraine defend itself, support people in need and for reconstruction in the wake of Russia's invasion.

Addressing a news conference in Kyiv alongside Ukrainian President Volodymyr Zelenskiy, Norwegian Prime Minister Jonas Gahr Stoere said Norway wanted to express its solidarity with Ukraine's fight for survival.

"I'm here to say that Ukraine's fight is not only for Ukraine. This is about some fundamental principles of the world we are going to offer to our children. This is about security in Europe, this is about the fate of your neighbour," he said.

"We will pledge 1 billion euros in support to your country and your people for the remaining part of 2022 and for 2023," he continued. "This war is a breach of international law. ... You have the right to defend yourself and we have the right to help you defend yourself."

Asked whether Norway was willing to increase gas supplies to Europe, Stoere said Norway was already producing gas "at its maximum" but it would do everything it could to provide gas.

Zelenskiy said pressure needed to be kept up on Russia so the war would end.

He said Russia had used a Soviet-era Kh-22 missile designed to hit aircraft carriers or other large objects to strike a regular nine-storey building - a reference to a strike in the early hours of Friday on an apartment block near Odesa in which Ukrainian officials say at least 16 people were killed.

© Reuters. Ukraine's President Volodymyr Zelenskiy welcomes Norway's Prime Minister Jonas Gahr Stoere before a meeting, as Russia's attack on Ukraine continues, in Kyiv, Ukraine July 1, 2022. Ukrainian Presidential Press Service/Handout via REUTERS

Russia denies targeting civilians. Asked on Friday whether Russia had struck the apartment building in the resort village of Serhiivka, the Kremlin spokesman said: "I would like to remind you of the president's words that the Russian Armed Forces do not work with civilian targets".

($1 = 0.9630 euros)

Latest comments

Spending to push up the price of oil. Madness.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.