September 29, 2024
Denmark will invest almost $630 million in the defense industry of Ukraine: it will use the frozen assets of the Russian Federation thumbnail
Ukraine News Today

Denmark will invest almost $630 million in the defense industry of Ukraine: it will use the frozen assets of the Russian Federation

The Danish Ministry of Defense announced an agreement with Ukraine regarding investments in the Ukrainian defense industry for a total of 4.2 billion Danish kroner, or $628 million. Source: “European Truth” Details: According to the country’s defense department, Ukrainian weapons and equipment will reach the front for with the help of financing from Denmark.”, — write: www.pravda.com.ua

The Ministry of Defense of Denmark announced an agreement with Ukraine regarding investments in the Ukrainian defense industry for a total amount of 4.2 billion Danish kroner, or $628 million.

Source: “European truth”

Details: According to the country’s defense department, Ukrainian weapons and equipment will go to the front with the help of funding from Denmark. For this purpose, it uses income from frozen Russian assets.

Defense Minister Trels Lund Poulsen, together with his Ukrainian counterpart Rustem Umyerov and Minister of Strategic Industry Herman Smetanin, signed an agreement on intentions to continue cooperation on contracts with Ukrainian defense enterprises.

“This strengthens the ability of Ukrainians to produce exactly the weapons that are in demand,” Threls Lund Poulsen emphasized.

The acquisition will be financed with 1.3 billion Danish kroner, which the government, with the support of the Danish parliament, has allocated for this purpose, and 2.9 billion Danish kroner from frozen Russian assets, which Denmark must transfer to cash on behalf of the EU.

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

We will remind:

  • It recently became known that the Danish government will direct 130 million Danish kroner (over 16 million euros) to support the energy system of Ukraine, which has been and will be subjected to Russian attacks.
  • On September 20, Umyerov announced that EUR 40.7 million from the aid package from Denmark to Ukrainian production had been deposited into the accounts of the Ministry of Defense.

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