BREAKING: Norway pledges 1 billion euros in additional support for Ukraine

Jul 1, 2022 · 3:20 PM UTC

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Norway's expanded support for Ukraine coincides with escalating tensions with Russia over Svalbard and calls from NATO allies, such as Poland, to refrain from profiting from soaring energy prices
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Replying to @SamRamani2
Not enough. We need at least 100 trillion!
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Be happy for what you get
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Replying to @SamRamani2
I’ll ride my bike to work and don’t care if gas goes to $100 if Ukraine wins. I will have my taxes raised to step up weapons production for them if it means Ukraine wins. I will cut back anywhere needed and endure a long recession if it means Ukraine wins. #ArmUkraineFully
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Amen brother !!! So many forget what it took to get us where we have the freedom to make those choices. Ukr does not... yet. Everyone should stop whining unless you want to fight, your son's, daughter, fathers mothers. This fight is for a better future. I think we can chip in...
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Replying to @SamRamani2
👏🇳🇴. 🏴󠁧󠁢󠁳󠁣󠁴󠁿 would be in a position to do the same had its own oil fund not been blown by its lovely neighbour!
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But if one asked for this for poverty reduction, education, health etc etc? Crickets. They literally print this stuff. Money is always available. It’s a question of values.
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Replying to @SamRamani2
Sounds like a nice amount, but not when you know that the Norwegian state will have 70 bn euro in extra oil revenues this year. Yes, extra, on top of already decent revenues (from taxes, ownership etc)
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1 billion is a very nice, nothing to scoff at. We all can do more.
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Replying to @SamRamani2
Yes, so this is absolutely nice. But Norway has a wealth fund of €1,200 billion (11,702 billion kroner), and so giving away €1 of those €1.200 is an absolute minimum is my opinion
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That wealth belongs to the citizens of Norway, the sovereign wealth fund shouldn't be tapped into outside of providing for citizens. Discretionary funds, gear stockpiles, etc. can and should be generously provided.
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