Norwegian Prime Minister Jonas Gahr Stoere said his country will increase its spending from its sovereign wealth fund for its military and civilian aid to Ukraine. The increase in spending will take place in the coming years to assist Ukraine.
Speaking to the Norwegian parliament on Thursday, Stoere said the country will temporarily increase the spending from its sovereign wealth fund of $1.3 trillion in the coming years to fund its military and humanitarian assistance to Ukraine. While Stoere did not mention how much would be spent on aiding Ukraine, the prime minister said it was a multi-year commitment.
“This will lead to a temporary increase in spending from the sovereign wealth fund,” said Stoere, adding that any extra spending should not impact Norway’s domestic economy, which would avoid impacts on interest rates.
The Norwegian sovereign wealth fund is one of the world’s largest investors and has since seen an increase in revenue inflows as the price of Norwegian oil and gas rose last year as a result of Russia’s invasion of Ukraine in February last year and is now approaching its one-year anniversary.
Meanwhile, the British defense ministry, in its intelligence bulletin on Friday, found that the Russian Wagner mercenary group’s scale of recruiting convicts has likely significantly reduced since peaking between the summer and fall of last year. According to the Russian Federal Penal Service figures that were published on Tuesday, the national penal population in Russia is at 433,000, suggesting a decrease of 6,000 since November 2022.
The ministry noted that the FSIN data indicated a drop of 23,000 from September to November 2022, with Wagner recruitment playing a big role in the drop in population.
“Separately, anecdotal evidence from Ukrainian combatants over the last ten days suggests a reduced Russian reliance on human wave style assaults by Wagner convict fighters in key sectors,” said the ministry.
“Significant tensions between Wagner and the Russian Ministry of Defense are playing out in public; competition between factions in the Russian elite is likely to be partially responsible for the reduced supply of convicts,” the ministry added.


Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify
Japan’s Prime Minister Sanae Takaichi Secures Historic Election Win, Shaking Markets and Regional Politics
Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue
New York Legalizes Medical Aid in Dying for Terminally Ill Patients
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Antonio José Seguro Poised for Landslide Win in Portugal Presidential Runoff
Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition
Trump Congratulates Japan’s First Female Prime Minister Sanae Takaichi After Historic Election Victory
US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Trump Allows Commercial Fishing in Protected New England Waters
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible
China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit
Bosnian Serb Presidential Rerun Confirms Victory for Dodik Ally Amid Allegations of Irregularities 



