Norway will allocate over 90 million dollars to increase the production of ammunition and develop the potential of the country's defense industry.
This information was reported by the Norwegian government.
As mentioned by the government, a total of 2 billion Norwegian kroner, which is over 190 million dollars, will be allocated for armaments. Half of this amount will go to the Norwegian ammunition manufacturer Nammo. The rest will be directed towards the development planned after the start of Russia's full-scale invasion of Ukraine in 2022.
"The enhancement of defense industry capabilities is important for both Ukraine and our own security. One billion kroner will go to Nammo to increase the production of artillery ammunition," stated the Norwegian government.
According to the Minister of Defense Bjørn Arild Gram, the expansion of arms production is beneficial not only to Ukraine but also directly to Norway.
"We are contributing to a significant increase in Nammo's production capacity to meet the needs of Norway, allies, and Ukraine," he said.
