Norway adds 90 million euro incentive for Ukraine to pass EU reforms
On September 17, Norway announced a 90 million euro ($103 million) contribution to Ukraine, contingent upon the country's completion of EU-required reforms. This financial aid is delivered through the EU's Ukraine Facility, an instrument designed to provide Ukraine with funding in exchange for implementing reforms aimed at aligning the country with EU standards, bolstering the business environment, combating corruption, and strengthening the rule of law.
Norwegian Foreign Minister Espen Barth Eide confirmed the 90 million euro grant during a statement in Oslo on the same date.
Barth Eide emphasized that fostering an open, functional, and democratic Ukraine is vital for the nation's European future. Despite Norway not being a member of the European Union, the country maintains a close relationship with the bloc through the European Economic Area. For over a year, Ukrainian reforms have faced obstacles in parliament, jeopardizing billions in support and hindering Ukraine's EU accession aspirations.
However, a concerted effort by the European Commission and newly appointed Prime Minister Serhii Koretskyi appears to have facilitated legislative progress. Seven bills were advanced within two days following a September 14 push, none of which were obstructed. An EU official disclosed to the Kyiv Independent that Norway's contribution is anticipated to be linked to the Ukraine Facility's 11th installment, originally earmarked at 2.1 billion euros ($2.4 billion).
To secure this installment, Ukraine is required to enact 23 reforms encompassing public finances, the judiciary, an anti-corruption strategy, and more, all by the conclusion of 2026.
As of now, the Ukraine Facility has disbursed 29.5 billion euros ($33.9 billion) in aid to Ukraine since its inception in 2024. The EU and Norway share a common strategy in supporting Ukraine, aiming to assist the nation in countering Russian aggression while simultaneously fostering reforms that will enhance Ukraine's strength and proximity to EU membership, as stated by Kos.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.