Skip to content
Edit post

Denmark to set up $1 billion Ukraine fund

by The Kyiv Independent news desk March 15, 2023 12:10 PM 1 min read
This audio is created with AI assistance

The Danish government and the parliament's majority have agreed to allocate an additional seven billion DKK (about $1 billion) in civil, defense, and economic aid for Ukraine, according to a press release published by the Danish Finance Ministry.

The majority of the funds will be spent on military assistance consisting of weapons, other military equipment, and training efforts, the ministry wrote on March 15.

Using the newly created fund, Copenhagen will also provide Ukraine with humanitarian aid, help the country with long-term reconstruction and support the business initiatives allowing Danish companies to contribute to Ukraine's recovery.

"Ukrainians are fighting not only for their own freedom but also for the security of the whole of Europe. With the Ukraine Fund, we are taking Danish support to a new level," Denmark's Foreign Minister Lars Løkke Rasmussen said.

"This applies not least to the business sphere. Danish companies can supply many things that Ukraine lacks, such as drinking water, district heating, and food. That's why we have to step up our efforts."

Except for the money intended to be spent this year, Denmark also set aside funds for the next several years that could help cover the cost of replacing military equipment donated to Ukraine in 2022-2023.

According to the country's Acting Minister of Defense, Troels Lund Poulsen, Denmark has until now supplied Ukraine with 5 billion DKK (about $721 million) in military assistance, with the new fund aiming to maintain a high level of support.

"It must make a real and noticeable difference for Ukrainians. Their struggle is also our struggle," said Poulsen.

Norway announces delivery of more NASAMS air defense systems to Ukraine
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

7:21 PM

Budanov: Russia's goals for 2024 same as previous two years.

Ukraine's military intelligence chief Kyrylo Budanov said that Russia’s goal is still to destroy Ukrainian statehood and reach the administrative border of Luhansk and Donetsk oblasts to “keep what they already have," but that they "have been unable to do (so) by military means."
6:23 PM

Budanov: Transnistria not planning to appeal to join Russia.

Concerns arose after the Institute for the Study of War issued a warning on Feb. 22 that Transnistria was possibly planning to organize a referendum on its annexation to Russia at an announced Transnistrian Congress of Deputies planned for Feb. 28.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
10:52 AM

Trump wins South Carolina primary.

Former U.S. President Donald Trump won South Carolina's primary, where Republicans voted for their preferred presidential candidate, results showed on Feb. 25.
2:42 AM

US philanthropist pledges $300 million for Ukraine in 2024.

The Howard G. Buffett Foundation has already donated over $500 million in humanitarian assistance to Ukraine since the start of Russia's full-scale invasion. The combined funds exceed the humanitarian aid contributions of the United Kingdom, the Netherlands, and Canada.

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
* indicates required
* indicates required
* indicates required
* indicates required
* indicates required


* indicates required
* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.