this post was submitted on 02 Mar 2025
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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.

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[–] Kecessa@sh.itjust.works 4 points 1 day ago (5 children)

Even with the current limit they can help Ukraine quite a lot without hurting their long term goal too much.

[–] Lorill@feddit.org 3 points 1 day ago (4 children)

It is not that simple. While the country is rich and getting richer, it's population is getting relatively poorer. Housing is at an all-time high (as it is in so many places in the so called developed world). More and more complain about food prices, especially fresh vegetables and for some reason, chocolate. The country is completely dependent on imports.

They restricted the budget allowed to communes, which not only stopped their planned investments, but had to cut several services such as school and culture programs, mostly in the less dense areas.

Add to that the relatively weak krone, and you get a very strong feeling of moving down. This pushes their local populist right wing party (FrP) high.

Many would not understand the remote support while they experience those cuts.

[–] Chee_Koala@lemmy.world 8 points 1 day ago (1 children)

The reason chocolate is expensive is because the last couple of harvest were a horrifying preview of what global warming is gonna do. Cocoa, now coffee harvests are failing. My pessimistic side would say: eat chocolate now, while you can. Those prices are not coming back down in our lifetime.

"late 2023, failed cacao harvests have contributed to a major jump in cocoa prices on the New York and London markets where cocoa is traded, reported The Guardian."

Oops.

[–] Lorill@feddit.org 2 points 1 day ago

Not negating the price hike, but for whatever reason I don't see people from other countries complaining about chocolate so specifically. In France for example, housing, fuel and electricity are big topics, but chocolate is not.

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