The European Council accepted Norway’s donation for a Voluntary Financial Contribution of NOK 1 billion (EUR 86 million) to the windfall profits scheme, channelled through the European Peace Facility on 28 May 2025.

The donation underlines Norway’s engagement to in the joint European efforts to support Ukraine, and the country’s willingness to contribute to the High Representative’s initiative to provide Ukraine’s Armed Forces with large-calibre artillery ammunition.

Ammunition Initiative

In April 2025, the High Representative announced an ambitious target of two million rounds of large calibre artillery ammunition for Ukraine to be delivered by EU member States in 2025.

This is considered an essential requirement for Ukraine’s defence, and meets the March 2025 call from President Zelenskyy for additional support at European Council. Participating Member States will contribute to this target according to their individual capacity.

The EU will also contribute to this target using the accrued interest on frozen Russian assets. A total of EUR 470 million is dedicated to large-calibre artillery ammunition under the second payment currently under disbursement.

The EU and participating Member States have already reached approximately two-thirds of this target through combined deliveries and commitments. The contribution by Norway isin addition to that two-million-round target.

Windfall profits

Windfall profits stem from extraordinary revenues accruing to central securities depositories (CSDs) in the EU. In light of Russia’s continued war of aggression against Ukraine, the Council adopted in May 2024 a set of legal acts ensuring that these net profits are used for further military support to Ukraine, as well as its defence industry capacities and reconstruction.

• The European Peace Facility was established in March 2021 to finance actions under the common foreign and security policy. Follow the link to learn more about the European Peace Facility.