Norway rethinks €1.7 trillion sovereign fund to boost support for Ukraine

Europe is in crisis mode after a bitter clash between Trump and Zelenskyy at the White House, and the Trump administration is reportedly considering cutting off all military supplies to Ukraine.

Norway is sitting on €1.7 trillion in the world's largest sovereign wealth fund, including an estimated €109 billion in war-related profits from increased gas prices in 2022 and 2023.

The Nordic country has so far spent €3.35 billion on support to Ukraine - an amount described on Thursday as "pathetic" and "reprehensible" by the editors of major Swedish and Danish newspapers, whose countries, according to the same data, have contributed €5.41 billion and €8.05 billion respectively.