Iceland to Increase Funding for Ukraine Skip to content

Iceland to Increase Funding for Ukraine

By Steindor Gretar Jonsson

bjarni benediktsson
Photo: Golli. Bjarni Benediktsson.

In a meeting of the cabinet of ministers yesterday, Foreign Affairs Minister Bjarni Benediktsson introduced a motion of Iceland’s support for Ukraine from 2024 to 2028. Funding for Ukraine will be increased from last year and Iceland’s funding will be on par with what the other Nordic countries have pledged.

“Today marks two years since the beginning of Russia’s illegal and unprovoked full-scale invasion of Ukraine,” Bjarni said in a press release from his ministry. “This war of aggression is the most serious security threat facing Europe since the end of World War II. A long-term plan of support will mark a turning point demonstrating our serious commitment to support the struggle of the Ukrainian people for as long as necessary.”

Broad political support expected

Should the motion pass, a minimum amount of funding for Ukraine will be secured for the next few years, even if funding will be determined in the annual budget each year. The motion will be presented to all parties in Alþingi, Iceland’s parliament, and in the Foreign Affairs Committee in the coming days.

The press release goes on to say that support for Ukraine in Alþingi has remained strong across party lines. “Ukrainians have been fighting for our fundamental values for two years now,” Bjarni said. “Iceland’s sovereignty is based on compliance and respect for international law by all, thus it is no hyperbole to state that our long-term support for the security and independence of Ukraine is also a long-term support for the security and independence of Iceland.”

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