“Norway may join the EU’s plan to freeze Russian assets to help Ukraine, but without its sovereign fund.”, — write: www.pravda.com.ua
Jens Stoltenberg, photo: Getty images Source: “European Truth”, with reference to NRK
Details: According to Stoltenberg, Norway, which is not a member of the EU, already makes significant financial contributions to Ukraine and may also potentially participate in the EU’s loan plans, but will not provide guarantees on its own.
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“There were some ideas that Norway should guarantee the whole amount, NOK 1.6 trillion ($159 billion), but that’s not an option,” he said.
The head of the Norwegian Ministry of Finance added that the decision will be made taking into account what the EU’s final decision on the loan will be.
On Thursday, EU finance ministers are to discuss ways to provide Ukraine with 130-140 billion euros through the use of frozen Russian assets.
Belgium, home to Euroclear, which holds most of Russia’s assets, opposed the idea of using the frozen funds, fearing lawsuits from Moscow.
To break the impasse, some members of Norway’s parliament have proposed that the country’s sovereign wealth fund — the world’s largest with more than $2 trillion in assets — provide a guarantee that would cover potential legal liability.
Earlier, the EU assured that the issue of using Russia’s frozen assets for financial support of Ukraine remains on the agenda, and the final decision will be made in December 2025.