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Norway to fund Ukraine gas procurement with $195 million aid

Published 21/11/2022, 10:58
© Reuters. FILE PHOTO: Norway's Finance Minister Trygve Slagsvold Vedum presents NATO Secretary General Jens Stoltenberg as Norway's new central bank chief at a news conference in Oslo, Norway February 4, 2022. Terje Bendiksby/NTB via REUTERS

OSLO (Reuters) - The Norwegian government on Monday said it had agreed to assist Ukraine with gas procurement for the coming winter, providing funding amounting to 2 billion Norwegian crowns ($195 million).

The funds, part of a previously announced aid package of 10 billion crowns, will go via the European Bank for Reconstruction and Development (EBRD).

© Reuters. FILE PHOTO: Norway's Finance Minister Trygve Slagsvold Vedum presents NATO Secretary General Jens Stoltenberg as Norway's new central bank chief at a news conference in Oslo, Norway February 4, 2022. Terje Bendiksby/NTB via REUTERS

"It is important to channel the support through an established, internationally recognised organisation, which will ensure effective and transparent use of the funding," Norway's Minister of Finance Trygve Slagsvold Vedum said in a statement.

($1 = 10.2652 Norwegian crowns)

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