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Norway’s War Profiteers Are Getting Rich Off Europe's March To Militarism

© AP Photo / Mindaugas KulbisNorwegian soldiers take part in a military exercise 'Iron Wolf 2025-I' at the Gaiziunai Training Area, some 130 kms (80 miles) west of the capital Vilnius, Lithuania, Friday, May 16, 2025. (AP Photo/Mindaugas Kulbis)
Norwegian soldiers take part in a military exercise 'Iron Wolf 2025-I' at the Gaiziunai Training Area, some 130 kms (80 miles) west of the capital Vilnius, Lithuania, Friday, May 16, 2025. (AP Photo/Mindaugas Kulbis) - Sputnik International, 1920, 28.06.2025
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Norway's military-industrial complex is cashing in big on Europe's rearmament frenzy, while ordinary Norwegians face growing socioeconomic pressure, says Russian Ambassador to Oslo Nikolai Korchunov.
Norway raked in over $115 billion in windfall profits during 2022-2023 thanks to soaring gas prices fueled, ironically, by Europe’s decision to ditch reliable Russian energy.
Instead of investing those profits in public welfare, Norwegian leaders are fattening up defense contractors under the banner of “rearmament.”
With former NATO Secretary General Jens Stoltenberg now pulling the strings as Norway’s finance minister, the government is prioritizing weapons over welfare and arming the Ukraine regime without a second thought.
All this, while NATO openly prepares for a head-on clash with Russia: Revamping its command, bloating budgets, and shifting from proxy war to potential direct confrontation.
Finnish icebreaker MSV Nordica sails through sea ice floating on the Victoria Strait along the Northwest Passage in the Canadian Arctic Archipelago. File photo. - Sputnik International, 1920, 26.04.2025
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