Ukraine's President Volodymyr Zelensky and Iceland's Prime Minister Bjarni Benediktsson signed a long-term bilateral agreement between the two countries in Stockholm on May 31.
The two leaders signed the treaty on the occasion of the third Nordic-Ukrainian summit, shortly after Kyiv signed a similar deal with Sweden.
According to the agreement, Iceland will allocate almost $30 million per year in aid to Ukraine from 2024 until 2028. The Nordic country will help to finance the purchase and supply of defense equipment and cooperate with the Ukrainian defense industry.
Iceland will pay special attention to the support and equipment of Ukrainian women in the Armed forces.
As a special point in the agreement, Iceland will help to transport military cargo and equipment from NATO allies to Ukraine by chartered cargo planes.
The country has also pledged to support Ukraine's peace formula, sanctions against Russia, compensation for war damages, and efforts to bring the aggressor to justice.
Iceland becomes the 14th country to sign such a deal, along with Sweden, Belgium, Spain, the U.K., Germany, France, Denmark, Italy, Canada, the Netherlands, Finland, Portugal, and Latvia.
The treaties are based on a pledge made by the Group of Seven (G7) countries last July and are designed to help Kyiv fend off Russian forces and deter future aggression.
Chris York
(Updated: )
