BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
World

Norway donates $240mn to Ukraine’s navy

Published December 16, 2024 Updated December 16, 2024 02:40pm
By

OSLO: Norway will provide 2.7 billion kroner ($240 million) to strengthen the Ukrainian navy to help it deter Russian forces in the Black Sea, the Norwegian government said Monday.

“Ukraine needs more support to deter Russian naval forces in the Black Sea in the time ahead. It is essential to protect the Ukrainian population and Ukrainian infrastructure from attacks by Russia’s Black Sea Fleet,” Prime Minister Jonas Gahr Store said in a statement.

“It is also important to protect exports by sea of grain and other products, which generate crucial revenues for Ukraine,” Store added.

According to the government, 100 million kroner had previously been earmarked for maritime training and other measures in 2025 and it had now approved a new package worth 2.6 billion kroner.

The support will include donations from the Norwegian Armed Forces as well as military equipment procured from the industry for donation, according to the government.

Ukraine’s Zaporizhzhia strike toll rises to 8, rescue operation underway

“Mines pose a significant threat to maritime security and safe passage in the Black Sea, and mine clearance operations are very difficult,” Minister of Defence Bjorn Arild Gram, said.

“The systems we are providing will enhance the ability of Ukrainian forces to detect and defuse mines along their coastline,” Gram added.

Norway and the UK are leading the Maritime Capability Coalition for Ukraine – launched in December 2023 – and the new support package was announced as UK Prime Minister Keir Starmer visited Norway on Monday.

Comments

Comments are closed for this article.