Maybe this is good news 🤷♂️
Ukraine war latest: Trump 'hopes to announce minerals deal tonight' - after Zelenskyy's olive branch and truce talk | World News | Sky News
Donald Trump is hoping to announce an agreement with Ukraine in front of Congress tonight, according to Reuters. Earlier, Volodymyr Zelenskyy said it's "time to make things right" after his White House argument with Trump.
I guess it is better than the alternative 🤷♂️. It would be nice in things would calm down a little bit. As soon as the deal is signed it would feel like a relief to me. Even though I'm highly sceptical if it's a good deal.
Pinch of salt.
Also EU/US seem to be proposing alternate peace plans atm the same time.
Going to assume off hands Trumps will be absolutely abysmal, just the most insulting shit you've ever seen, outside of a mineral deal intended to scam an entire country.
https://www.euractiv.com/section/politics/news/norway-rethinks-e1-7-trillion-sovereign-fund-to-boost-support-for-ukraine/
Norway rethinks €1.7 trillion sovereign fund to boost support for Ukraine
The Nordic country has so far spent €3.35 billion on aid to Ukraine, paling in comparison to its Nordic counterparts Denmark and Sweden.
Updates
This article has been updated.
Norway is considering tapping its sovereign wealth fund to dramatically increase its support for Ukraine amid signs that US military backing is waning.
Europe is in crisis mode after a bitter clash between Trump and Zelenskyy at the White House, and the Trump administration is reportedly considering cutting off all military supplies to Ukraine.
Norway is sitting on €1.7 trillion in the world's largest sovereign wealth fund, including an estimated €109 billion in war-related profits from increased gas prices in 2022 and 2023.
The Nordic country has so far spent €3.35 billion on support to Ukraine - an amount described on Thursday as "pathetic" and "reprehensible" by the editors of major Swedish and Danish newspapers, whose countries, according to the same data, have contributed €5.41 billion and €8.05 billion respectively.
"Norway is one of the few countries that has large amounts of money readily available, and we must therefore multiply our support for Ukraine immediately," Liberal Party leader Guri Melby said on Saturday.
Norway's support should be increased "significantly" and "fast", Norway's former Conservative prime minister, Erna Solberg, said in a statement. "The government can safely assume there is will in Parliament to give more," she added.
The Liberal Party and the Socialist Left Party called for an emergency parliamentary session, but Euractiv understands they are now waiting for the government's proposal instead.
Norway should spend 3% of GDP on defence, currently at around 2%, by 2030, Sylvi Listhaug, leader of the conservative Progress Party, Norway's second-largest in recent polls, said today.
The leader of the Greens, who are currently polling at 2.7%, reiterated their proposal that Norway should pledge €85.5 billion to Ukraine.
"Norway is among the largest donors to Ukraine. We have so far committed at least NOK 167 billion (€14.7 billion) in support until 2030," a foreign ministry spokesperson told Euractiv.
The long-term nature of the investments is appreciated by Ukraine and NATO allies, the spokesperson added. "For 2025, based on a cross-party agreement in Norway’s parliament, we have so far pledged and allocated 35 billion NOK."
"We will present a proposal to increase Ukraine support for parliament soon," said Prime Minister Jonas Gahr Støre, who will also attend tomorrow's meeting of European leaders in London.
Time to tap the bank?
Since 2001, Norway has carefully followed a budgetary rule of spending no more than 4% and then 3% of its sovereign wealth fund each year. The rule was introduced by Jens Stoltenberg's first cabinet with broad cross-party support. Known as a former NATO secretary general, Stoltenberg is now Norway's finance minister, just as the rule comes under scrutiny.
The idea of using the fund more actively to support Ukraine and European defence spending is gainingground in Norway.
One idea is to convert some €300 billion of the fund's €450 billion in liquid bonds into European defence bonds, on the condition that the money is used exclusively to build Europe's defence.
On Friday, Solberg said Norway must increase its use of "oil money" to improve the country's defence. High-ranking members of her party previously called for stricter rules on how the money can be spent.
"Peace is more important than shortsightedness and inflation," she said.
But Stoltenberg warned against tampering with the budget rule. "It is a dangerous idea to break the budgetary rule to give more money to Ukraine," he said on 7 February.
Numbers?
Even without breaking the rule, Norway has deep pockets.
"We currently have a proposal in the Storting to increase support by 100 billion Norwegian kroner this year," Sveinung Rotevatn, deputy chair and responsible for financial policy in the Liberal Party, told Euractiv.
For 2025, this would increase support for Ukraine from €3 billion to €11.5 billion.
Norway's Foreign Ministry declined to comment further on how much it wants to increase aid, referring instead to Støre's statement.
"It has become unequivocally clear that all of Europe must shift gears in our support and policy towards Ukraine and to ensure security in Europe," said Rotevatn.
"All other policies we pursue assume that we are a free and independent country and that we have a functioning international world order," said Minister of Foreign Affairs Espen Barth Eide.
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