Norway plans to allocate around EUR 9 billion to support Ukraine in 2027 under the Nansen Programme

Prime Minister of Ukraine Sergii Koretskyi met with Norway's Minister of Finance Jens Stoltenberg. The sides discussed financial support for Ukraine, the needs of the energy sector and the Defence Forces, and the establishment of a war risk insurance fund.

For 2027, Norway plans to allocate around EUR 9 billion to support Ukraine under the Nansen Programme.

"We value this support, as it is extremely important to us," Sergii Koretskyi said.

During the meeting, the sides discussed areas of assistance and Ukraine's key needs: funding for budget expenditures, energy and the extra-budgetary needs of the Defence Forces.

According to the Prime Minister, even with the amounts of assistance already confirmed by partners, EUR 70 billion remains uncovered in 2027: EUR 30 billion is needed for budget support and EUR 40 billion for the off-budget needs of the Defence Forces.

"Only through the joint efforts of all our partners can we solve this extremely difficult task," the Head of Government stressed.

The participants also held a substantive discussion on the initiative to establish a war risk insurance fund.

Sergii Koretskyi invited Norway to become one of the fund's key contributors, and Norwegian businesses to develop investment projects in Ukraine.

The Prime Minister thanked Jens Stoltenberg, the Government of Norway, Prime Minister Jonas Gahr Støre and the people of Norway for their consistent support and partnership.