Denmark pledges $140 million to companies investing in Ukraine's defense sector
Denmark will provide 130 million euros ($140.6 million) in guarantees to support Danish companies investing in Ukraine's defense industry, First Deputy Prime Minister and Economy Minister Yulia Svyrydenko announced on March 25.
Under the new initiative, the Danish government will introduce a state-backed guarantee through the Export and Investment Fund of Denmark (EIFO). The guarantee covers up to 70% of Danish companies' investments in Ukraine's defense sector, amounting to 1 billion Danish kroner ($140.6 million).
The Nordic country has spearheaded efforts to provide military support to Ukraine by investing in its defense industry, creating the so-called "Danish model" of purchasing arms for Kyiv from Ukrainian producers.
Svyrydenko said the new measure would help mitigate investment risks and encourage Danish manufacturers to engage with Ukraine's defense industry, benefiting from Ukrainian expertise, innovation, and real combat testing of military technology.
"EIFO is well known to Danish business, as they are already actively supporting both their country's and Ukrainian businesses with this tool," the minister wrote on Facebook.
Since the start of Russia's full-scale invasion in 2022, Copenhagen has provided approximately $7.5 billion in military aid to Ukraine.
Read also: Macron to reportedly host Zelensky in Paris on March 26 ahead of security summit
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