Denmark Taps Frozen Russian Assets to Invest In Ukrainian Weapons Production, Strengthening Frontline Defense
Denmark and Ukraine have signed a major agreement involving a 4.2 billion Danish kroner (approx. US$628 million) investment in Ukraine’s defense sector. This move will enhance the production and supply of weapons and equipment for Ukrainian forces on the front lines.
The agreement, signed by Denmark’s Defense Minister Troels Lund Poulsen, Ukrainian Defense Minister Rustem Umierov, and Minister of Strategic Industry Herman Smetanin, will support Ukrainian defense businesses and further strengthen the country’s military capabilities.
The investment includes 1.3 billion Danish kroner (approx. US$194.6 million) from Denmark’s government, backed by parliament, and an additional 2.9 billion kroner (approx. US$434 million) from frozen Russian assets, cashed out under EU directives.
“Denmark is leading the way by directly supporting Ukraine’s defense industry. This strengthens their ability to produce the weapons they urgently need,” said Poulsen.
This latest support follows Denmark’s recent commitment of 130 million kroner (€16 million) to restore Ukraine’s energy infrastructure, frequently targeted by Russian attacks. Earlier this month, Ukraine received €40.7 million from Denmark to further support weapons production.
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