Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Norway Unveils $195m Fund Ukraine Gas Procurement


Mon 21 Nov 2022 | 05:29 PM
Omnia Ahmed

The Norwegian government agreed, on Monday, to help Ukraine with gas procurement for the coming winter, providing funding valued at $195 million, equivalent to 2 billion Norwegian crowns.

In line with a previously announced aid package of 10 billion crowns, the funds will be through the European Bank for Reconstruction and Development (EBRD).

"It is important to channel the support through an established, internationally recognized organisation, which will ensure effective and transparent use of the funding," Norway's Minister of Finance Trygve Slagsvold Vedum said in a statement.