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OIL

Greenpeace activists block Russian oil tanker in Norway

Greenpeace activists in Norway blocked a Russian oil tanker from unloading its cargo near Oslo Monday, saying the shipment was helping to finance Russian President Vladimir Putin's "warfare". 

A file photo of a Greenpeace banner.
A file photo of a Greenpeace banner. Photo: John THYS / AFP

The Hong Kong-registered Ust Luga, leased by Russian oil company Novatek, is carrying 95,000 tonnes of fuel bound for Esso’s terminal in southeast Norway, Greenpeace said in a statement.

The tanker was coming from its namesake Russian city, near Saint Petersburg, according to the Marine Traffic website.

Greenpeace activists in a small boat chained themselves to the ship, while others in kayaks unfurled banners reading “oil fuels war,” the group said.

Some activists were stopped by police before they could take part in the action.

“I am shocked that Norway is operating as a free port for Russian oil, which we now is financing Putin’s warfare,” Frode Pleym, head of Greenpeace Norway, said in the statement.

According to a spokeswoman for Esso Norway, the shipment in question was not affected by Western sanctions against Russia imposed over its invasion of Ukraine. 

“The contracts were entered into before Russia invaded Ukraine,” Anne Fougner told newspaper Dagbladet.

“Esso Norway has no other contracts for products from Russia,” she added.

Although it is not a member of the European Union, Norway has matched almost all sanctions imposed by the EU on Moscow since March 18th.

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MILITARY

Norway to hit ‘two percent’ NATO target ahead of schedule

Norway, whose neighbour Russia is now "more dangerous and more unpredictable", will reach NATO's two-percent spending target this year, two years earlier than expected, the prime minister said on Thursday.

Norway to hit 'two percent' NATO target ahead of schedule

The 2024 defence budget, initially expected to be around 8.0 billion euros ($8.75 billion), will be revised upwards in the spring budget bill, Jonas Gahr Støre said after meeting opposition leaders.

The Labour prime minister did not provide any detailed figures but said his country would this year reach the target set for NATO members, under which they are expected to dedicate at least two percent of their gross domestic product (GDP) to military spending.

“Russia has no interest in a military conflict with a NATO member,” Store said. “But we will likely have to cope for a long time with a more dangerous and more unpredictable neighbour, Russia.”

The Scandinavian country was a founding member of NATO in 1949 and shares a 198-kilometre (123-mile) border with Russia in the Far North.

With Russia’s invasion of Ukraine as a backdrop, Norway’s minority government will also present a white paper on April 5th outlining its defence plans for 2025-2028.

“Norway poses a threat to no-one,” Støre stressed. “It’s not a plan (to provoke) a conflict, it’s a plan to avoid conflicts.”

NATO is currently holding Nordic Response exercises in northern Europe, involving around 20,000 soldiers.

They include Swedish troops taking part for the first time since Sweden formally joining the transatlantic military alliance last week.

On Wednesday, another Scandinavian country, Denmark, said it would raise its defence spending by $5.9 billion over five years to boost its military capacity, pushing it past NATO’s spending target from this year.

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