Business news from Ukraine

The Government of Norway has allocated funds for the purchase of drones and air defense equipment for Ukraine as part of a joint project between the UK, the Netherlands, Lithuania, and Norway.
“Norway has contributed NOK 570 million (EUR 48.2 million – IF-U) to this donation. The acquisition is being made through the UK-led International Fund for Ukraine,” the Norwegian government’s press service said.
It is noted that the purpose of the UK-led fund is to provide Ukraine with military materials through industrial procurement. Norway has previously contributed a total of NOK 1.8 billion to the fund since 2022. Together with the United Kingdom, the Netherlands, Denmark, Sweden, Lithuania, Australia, New Zealand and Iceland, a total of more than NOK 12.5 billion has been allocated.
“Ukraine is in dire need of more military equipment to protect itself from Russia’s aggressive war. Together with other countries, Norway will do everything possible to contribute,” commented Norwegian Defense Minister Bjørn Aril Gram.
Earlier, Norway contributed to the purchase of, among other things, air defense equipment, demining equipment, artillery ammunition, transport vehicles, engineering vehicles, asphalt pavers, spare parts and maintenance equipment for Ukrainian platforms and small boats.
The support is funded through the Nansen program.