Northern European countries support Ukraine’s Victory Plan.

In a joint statement made at the fourth Ukraine-Northern Europe summit in Reykjavik, the prime ministers of Iceland, Denmark, Norway, and Sweden stated that they support the Victory Plan.

“We will work to facilitate its implementation and strengthen Ukraine’s position on the eve of the second Peace Summit on the way to a lasting peace based on international law, including the UN Charter,” the document says. It also emphasizes that “the future of Ukraine is in NATO.”

The statement notes that the countries of Northern Europe have provided Ukraine with more than €20B in the form of military, financial, and humanitarian aid. They also emphasized their interest in the further development of cooperation with Ukraine’s defense industry.

“€195M has already been allocated for purchases in the defense industry of Ukraine,” the document states.

According Northern European leaders, one funding source for such initiatives can be surplus profits from frozen Russian assets. “Russia’s assets should remain immobilized until it stops its aggressive war and compensates Ukraine for its losses,” the leaders added.