The Norwegian Foreign Ministry responded to the call of the Prime Minister of Poland to share income

Despite the growth of Norway's oil EXPORT revenues , the country's economy is suffering from the fall of the stock market, and its citizens from the increase in electricity and gasoline prices, said State Secretary of the Norwegian Foreign Ministry Eivind Vad Petersson, writes Aftenposten.

So he reacted to the appeal of Polish Prime Minister Mateusz Morawiecki to share the income from oil exports, which, according to him, have risen sharply due to increased prices in the commodity market. “Profits from oil and gas in a small state with 5 million people, which is Norway, will exceed €100 billion. Write to your young friends in Norway. They must share this excess, gigantic profit,” the prime minister said, speaking to Polish youth.

Petersson disputed Morawiecki's calculations and pointed out that excess revenues from oil and gas exports mainly go to the State Pension Fund (Oil Fund). “Although the oil revenues increased as a result of the war in Ukraine, the volume of the fund fell. Since the new year, the volume of the fund has decreased by about NOK 550 billion, partly due to the fall in the stock market, ”the secretary of state at the Foreign Ministry explained.

He also pointed out that the citizens of Norway were affected by the rise in the price of electricity and gasoline.