Norway Is Interested in Ukrainian Energy Sector

Norwegian investments in the Ukrainian economy have reached $7.23 million


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Norway is interested in deepening economic cooperation with Ukraine, said the state secretary of the Norwegian Ministry of Foreign Affairs, Audun Halvorsen, during his meeting with the vice prime minister of Ukraine for European and Euro-Atlantic integration, Ivanna Klympush-Tsintsadze, Ukraine’s government portal reported.

“Norway is interested in deepening economic cooperation with Ukraine. The business contacts, which actively develop between the companies of the two countries on the basis of the chambers of commerce and industry, are deepening, and Norwegian investors positively assess the development of the business environment in Ukraine,” Halvorsen said.

According to Halvorsen, Norwegian investors are most interested in the energy sector in Ukraine, in particular, investing in green energy and energy efficiency. Halvorsen also said that Norway will take an active part in the International Conference on Reforms in Ukraine, which will be held in Copenhagen, Denmark, on June 27.

Klympush-Tsintsadze thanked the representative of Norway for his country’s support to Ukraine, since the beginning of the Russian aggression. This includes, in particular, the significant contribution of Norway to the Organization for Security and Co-operation in Europe’s Special Monitoring Mission to Ukraine, and the assistance provided by NATO Trust Funds in the areas of rehabilitation of wounded Ukrainian military personnel, demining, and changing military careers to professional civilians.

Halvorsen noted that respect for the principles of international law is extremely important for Norway, therefore, support for Ukraine in difficult times of aggression by its eastern neighbor is logical and natural for this Scandinavian country.

Klympush-Tsintsadze told Halvorsen that this year, Ukraine will commemorate the 85th anniversary of the Holodomor of 1932 to 1933. She urged Norway to recognize this as genocide against Ukrainians and to condemn the crimes of Stalin’s regime, from the point of view of common European values.

The total amount of Norwegian financial assistance over the past four years is more than $140 million. Its priority areas are the reform of the judiciary and public administration; promotion of trade and European integration; energy efficiency and nuclear safety, and humanitarian aid.  Norwegian investments in the Ukrainian economy have reached $7.23 million

In addition to economic cooperation, the visit of the minister of Foreign Affairs of Norway, Ine Marie Eriksen Søreide, planned for the second half of the year, and the newly appointed president of the Norwegian parliament,  Tone Wilhelmsen Trøen, planned for September, was also discussed.

Norway is also ready to further deepen cooperation with Ukraine in various areas of bilateral relations.

In addition, after negotiations between Norway and the Ukrainian Ministry of Health, both have agreed to establish together a rehabilitation center for people who have suffered strokes. The center will be based in one of the sanatoriums in Ukraine. The final decision on its implementation will become known in August or September of this year.

Source Government portal
date 15.05.2018
categories Economics
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