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Ukraine and Norway agree on new investments and defense cooperation

Ukraine and Norway agree on new investments and defense cooperation Photo: Ukraine's Minister of Foreign Affairs Andrii Sybiha (Vitalii Nosach, RBC-Ukraine)

Ukraine has agreed with Norway to strengthen defense cooperation. The country also promised to send new investments, according to Ukraine's Foreign Minister Andrii Sybiha on Twitter (X).

The Head of the Ministry of Foreign Affairs held a meeting with Norwegian Foreign Minister Espen Barth Eide on the sidelines of the World Economic Forum in Davos.

According to Sybiha, Ukraine and Norway have agreed to expand bilateral defense-industrial cooperation and increase investments in Ukraine.

"I appreciate Norway's steadfast commitment to strengthening Ukraine and working together to achieve peace through strength," added the Ukrainian minister.

Україна домовилася з Норвегією про нові інвестиції та оборонну співпрацю

Photo: Andrii Sybiha and Espen Barth Eide in Davos (x.com/andrii_sybiha)

Investments in Ukrainian weaponry

Ukraine and Denmark have launched a new project that allows partners to invest in the production of Ukrainian weapons. This initiative, known as the Danish model, involves partner countries directing investments into weapons manufacturing in Ukraine while gaining access to related technologies.

In addition to Denmark, Lithuania and Sweden have already joined the initiative.

Lithuania has pledged €10 million for the production of long-range weapons, including the Palianytsia project. Sweden, on the other hand, will provide funding for the production of Ukrainian long-range drones.