Denmark Pledges $629 Million, Including Frozen Russian Assets, to Fund Ukrainian Defense Industry

Sep 29, 2024, 12:51 PM

Denmark has announced it will provide nearly $629 million (approximately 4.2 billion Danish Kroner) for the purchase of weapons through Ukraine's defense industry, with $434 million of that amount coming from frozen Russian assets and $194 million from Danish government funds. The funding agreement between Denmark and Ukraine aims to procure weapons and equipment produced by the Ukrainian defense sector, thereby boosting Ukraine's defense capabilities and supporting its domestic defense industry.