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.


US Military Launches New Strikes on Iran, Targets Threats to Strait of Hormuz Shipping
Israel-Lebanon Talks Resume in Rome as Ceasefire and Troop Withdrawal Remain Elusive
Trump ICC Sanctions Challenged as Advocacy Groups File Free Speech Lawsuit
Reuters/Ipsos Poll: Most Americans Expect U.S.-Iran War to Be Prolonged
Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak
UK Sanctions 24 Russian-Linked Targets Over Cyberattacks and Election Interference
Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak
Russia Launches Missile and Drone Attacks on Kyiv, Zaporizhzhia, and Kharkiv
EU to Propose New Rules Limiting Children's Access to Social Media
Western Allies Push for More Air Defenses for Ukraine at Paris Summit
Brazil Court Bars Flavio Bolsonaro From Visiting Jair Bolsonaro Ahead of Election
Venezuela Appoints Felix Plasencia to Lead Foreign Relations and Trade
Trump to Deliver National Address on Declassified 2020 Election Intelligence
Trump Tells Congress Iran Hostilities Restarted, Citing New 60-Day War Powers Window
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage
Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure 



