Norway rethinks €1.7 trillion sovereign fund to boost support for Ukraine
The Nordic country has so far spent €3.35 billion on aid to Ukraine, paling in comparison to its Nordic counterparts Denmark and Sweden.
I hope the Norwegians understand that everything in their fund which isn't real capital within the Norwegian border, can be erased overnight if the global rules of yesterday don't apply.
Norway needs to buy a whole lot of shit and ship it back home. Like factories, weapons and secret IP. I.e. transform their global financial capital into local real capital. And they need to do it ASAP.
And the Norwegians need to donate much more to Ukraine if they don't want the value of their fund to implode. At least it will buy them more time to do the necessary transformation of capital.