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Norway under pressure to use sovereign wealth fund to aid Ukraine

(Prensa Latina) Five Norwegian political parties are urging their government to use the world's largest sovereign wealth fund, valued at $1.8 trillion, to provide financial support to Ukraine, the Euractiv news portal reported.

The digital agency specifies that the ruling coalition is facing internal pressure to allocate some of these global investments to Kyiv.

For its part, the Norwegian Ministry of Finance stated that it maintains ongoing dialogue with its European Union counterparts on this matter.

Analysts believe the initiative reflects deepening divisions in Europe regarding long-term financing for Ukraine and point out that the Norwegian fund, fueled by oil revenues, has always been considered an instrument of domestic policy.

The source adds that the Scandinavian kingdom has already committed an additional $7 billion to Kiev in 2026.

This measure is being debated while EU ambassadors are examining Ukraine’s critical fiscal situation today.

Recently, the International Monetary Fund warned that EU finances are so deteriorated that it called on its members to cut social spending to prevent public debt from reaching explosive levels.

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