Denmark to invest over US$628 million in Ukraine’s defence industry

 29 September 2024

Denmark and Ukraine have reached an agreement on investment of 4.2 billion Danish kroner (approx. US$628 million) in the Ukrainian defence industry.

Source: Danish Ministry of Defence, as reported by European Pravda 

Details: According to the ministry’s press service, Ukrainian weapons and equipment will be delivered to the front lines thanks to Danish funding. It accomplishes this by drawing on income from frozen Russian assets.

Defence Minister Troels Lund Poulsen, his Ukrainian counterpart Rustem Umierov, and Minister of Strategic Industry Herman Smetanin signed an agreement to maintain contract cooperation with Ukrainian defence businesses.

The acquisition will be financed in the amount of 1.3 billion Danish kroner (approx. US$194.6 million), which the government, with the support of the Danish parliament, allocated for these purposes, and 2.9 billion Danish kroner (approx. US$434 million) from frozen Russian assets, which Denmark must cash out on behalf of the EU.

“Denmark is leading the way by donating arms directly from the Ukrainian defence industry. This strengthens the ability of Ukrainians to produce exactly the weapons that are in demand,” said Troels Lund Poulsen.

Recently it was reported that the Danish government will provide 130 million kroner (over €16 million) for the restoration of Ukraine’s energy system, which is constantly attacked by the Russians.

On 20 September, Ukraine’s Defence Minister Umierov announced that the country had received the first €40.7 million from a Danish aid package aimed at supporting Ukrainian weapons production.

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https://www.pravda.com.ua/eng/news/2024/09/29/7477339

4 comments

  1. Fitting, since the Vangarians came from Denmark and other Scandie countries. A Danish woman visiting Kyiv for the first time said on a travel show :
    “They look like us. I feel at home!”
    With Ukraine’s most vital ally still at risk of having a kremlin asset in the WH, the onus falls on Europe to be on standby to step up and replace America fully. Will they do that? Very doubtful.
    There is of course the EU as a provider, but it has also fallen well short.
    Only the Balts, Denmark, Sweden, the Netherlands and the UK can be relied upon 100%. Germany and France are at risk of going full putler. Austria; already indifferent to Ukraine, is actually on the brink of going full putler.
    Even Poland; previously rock solid, is wobbling badly.
    The emergency fallback of course is to immediately free off the $350 bn putinaZi cash for Ukraine’s exclusive use in the event of the WH going rogue.
    Planning for this really should now be at an advanced stage. Otherwise the unthinkable could in fact happen.

    • It baffles the mind to see such weakness from so many European countries when it is they who will feel the dire consequences of a mafia victory.

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