🇳🇴 Norway will allocate more than 107 million dollars to invest in the Ukrainian defense industry.
🖥 The country's government announced a new joint investment program with Norwegian businesses. It is proposed to allocate NOK 1 billion for three years. State funds should attract additional private capital to Ukrainian defense enterprises.
💰 The funding will be taken from the military part of the Nansen plan, within the limits of the support already given to Ukraine.
📌 The program will be managed by the state investment company Investinor. It will select funds that work in Norway and invest in the Ukrainian defense industry, and determine the investment amounts. Which Ukrainian companies will receive investments will be determined by the managers of these funds.
👀 In the future, the program may include direct investments in Ukrainian enterprises together with funds. ℹ️ Defense Minister Tor Sandvik stated that there is a need to develop the Ukrainian military defense system even after a possible ceasefire in order to deter new attacks. According to him, Russia's success in the war against Ukraine will increase the risk of its use of force against other countries.
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