Norwegen beschuldigt, aus dem Krieg in der Ukraine profitiert zu haben

**According to the Finance Ministry in Oslo, the country has reaped 1,270 billion kroner (€107.7 billion) in additional revenue thanks to higher gas prices and production. It has been criticized for allocating only a fraction of this on aid to Ukraine.**

Is Norway profiting from the war in Ukraine? Since the start of the Russian invasion in February 2022, suspicions have persisted. At the center of the debate are the substantial profits generated by the Scandinavian country due to soaring gas prices, which made it Europe’s leading gas supplier, following the embargo on Russia. In early January, criticism resurfaced, this time from Denmark, one of Ukraine’s largest aid donors, which believes its neighbor is not doing enough. Several Norwegian economists share this view.

The charge was led by Denmark’s center-left newspaper [*Politiken*](https://politiken.dk/debat/ledere/art10242013/K%C3%A6re-Norge-hvordan-kan-I-dog-efterh%C3%A5nden-se-jer-selv-i-%C3%B8jnene). In an editorial on January 14, the paper’s editor-in-chief, Christian Jensen, asked: „Dear Norway, how can you finally look yourself in the eye?“ He highlighted that in 2024, Oslo granted the equivalent of 17 billion Danish kroner (€2.3 billion) in aid to Ukraine. Copenhagen, meanwhile, contributed 27 billion Danish kroner, despite not having access to the immense financial cushion of Norway’s oil fund, valued at nearly 20,000 billion Norwegian kroner (€1.7 trillion). According to Germany’s Kiel Institute, Norway ranks ninth among donor countries (as a proportion of its GDP), far behind Denmark, second only to Estonia.

In October 2024, the Norwegian Finance Ministry estimated that higher gas prices and production since 2022 had boosted the country’s profits by 1,270 billion kroner. In response, the Conservative Party called for aid to Ukraine to be tripled in the 2025 budget bill, presented by the Labour-Centre coalition government, while the Liberals called for 105 billion kronor (between 2024 and 2025).

**Read the full article here:** [**https://www.lemonde.fr/en/economy/article/2025/01/24/norway-accused-of-profiting-from-war-in-ukraine_6737368_19.html**](https://www.lemonde.fr/en/economy/article/2025/01/24/norway-accused-of-profiting-from-war-in-ukraine_6737368_19.html)

Stupid accusations.

Other European nations have saved trillions of dollars buying Russian gas for decades, at the expense of European and Ukrainian safety.

Shouldn’t they have known all along, that they got super cheap gas by selling their energy independence? Yes.
They saves trillions buying Russian gas, maybe they should use their savings and support Ukraine?

Now, they have figured out that reliable oil and gas from Norway is actually worth more. Norway got less for decades, so it’s only fitting that they get some of it back now.