Thu. Oct 10th, 2024

Norway Increases Weapons Funding for Ukraine

Norway increases arms money for Ukraine

The Norwegian government has announced that it will allocate 967 million Norwegian kroner (over $90 million) as part of a roadmap to increase the production capacity of the country's defense industry, Ukrinform reports.

“The security situation has created a significant and urgent need for defense materials in Ukraine, among our allies and within the country. The roadmap is a comprehensive plan that will help increase the production capacity of Norway's defense industry. “We take responsibility for contributing to the needs of Ukraine, our nation and our allies,” said Norwegian Defence Minister Bjørn Arild Gram.

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He added that Ukraine depends on access to air defence systems, missiles, artillery shells and other defensive capabilities to continue its fight.

“Both our industry and the government have done a lot to increase production in Norway, but this remains a complex and long-term challenge for all our allies. With this roadmap, we take responsibility for strengthening Norway's and our allies' ability to support Ukraine in its resistance to aggression,” the minister said.

It is noted that the allocated funds will go to support small and medium-sized Norwegian companies that supply the Ukrainian military with innovative technologies that can benefit; a new rocket engine production line; development of hexamine production for explosives in Norway; feasibility study for a new explosives plant.

Funding is provided through the Nansen program.

Prepared by: Nina Petrovich

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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