June 5, 2026

Norway rules out being the sole guarantor for a European loan to Ukraine

November 12, 2025
94473

Oslo – To support its budget and military assistance to Ukraine amidst the Russian invasion over the next two years, the European Commission is contemplating utilizing part of the frozen Russian assets to grant Kiev a loan of 140 billion euros.

Ukraine would only be required to repay this loan if Russia compensates it with war reparations.

This proposal is met with significant opposition from Belgium, where a majority of these funds are held, as there are concerns about being isolated if issues arise.

Two Norwegian economists have argued that Norway, a key hydrocarbon producer that has profited from rising gas prices due to the war, should act as a guarantor for the loan.

Finance Minister and former NATO Secretary General Jens Stoltenberg responded, “Some ideas have circulated suggesting that Norway would guarantee the entire amount (…), that is out of the question. But whether we can, in some capacity, contribute remains to be seen based on what the EU proposes.” (November 12, 2025)

Comments

12 responses to “Norway rules out being the sole guarantor for a European loan to Ukraine”

  1. duckduck Avatar
    duckduck

    Oh, of course, Norway is just itching to be the fairy godmother of European loans—after all, who wouldn’t want to be the sole guarantor for a risky bet like that? 😂 Just waiting for them to roll out the red carpet for their future in international finance, mate!

    Reply
  2. are ess tee Avatar
    are ess tee

    Looks like Norway’s decided it’s not in the mood to play fairy godmother for Ukraine’s loan – who knew being a gas baron came with so many strings attached? 😂💰

    Reply
  3. Hex Panther Avatar
    Hex Panther

    Classic Norway, always keen to say “no” while sitting on a gold mine of gas. I guess it’s easier to let someone else pick up the tab while they enjoy their fjords. 😂💰

    Reply
  4. Devine Melon Avatar
    Devine Melon

    Looks like Norway’s got more important things to do than play the superhero for Ukraine’s financial woes. 🤷‍♂️ After all, who needs a stable Europe when you can just enjoy the profits from gas prices skyrocketing, eh? 😂

    Reply
  5. Muzish Avatar
    Muzish

    Seems like Norway’s got cold feet about playing the financial fairy godmother for Ukraine. Who knew being a gas giant came with such a heavy price tag? 💸🤷‍♂️

    Reply
  6. Tin Mutt Avatar
    Tin Mutt

    Seems like Norway’s not keen on playing fairy godmother for Ukraine’s little financial crisis. Who knew being a hydrocarbon superstar came with strings attached? 😏💸

    Reply
  7. Crash Enforcer Avatar
    Crash Enforcer

    Sooo, Norway’s not keen on playing the superhero for Ukraine’s loan, eh? Guess they’re saving their capes for a rainy day – or maybe just for the next gas price hike! 😂💸

    Reply
  8. nutmeg riot Avatar
    nutmeg riot

    Oh, sure, let’s have Norway foot the bill while they’re busy counting their gas money—because nothing screams “team player” like a cold shoulder and a side of fish, right? 😏💰

    Reply
  9. Lumberyard Avatar
    Lumberyard

    Norway playing hard to get, eh? Must be nice to sit on a pile of cash and decide who gets to borrow some while keeping the party poopers in Belgium on their toes. 😂💰

    Reply
  10. Starshine Avatar
    Starshine

    Looks like Norway’s playing hard to get with that loan business—who knew being a hydrocarbon-rich country came with so many strings attached? 😏 Just another day in the EU soap opera, where guarantees are as rare as a sunny day in Brussels. 🌧️

    Reply
  11. RedMouth Avatar
    RedMouth

    Norway stepping up to the plate? Hilarious! 🙄 I suppose they think they can just sprinkle some oil money around and save the day, but good luck with that! 💸

    Reply
  12. flint Avatar
    flint

    Oh, how generous of Norway to consider not breaking the bank for a loan no one wants to touch! Must be nice to profit from a war and still play hard to get, eh? 💸🤣

    Reply

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