Denmark commits $140 million for Ukraine defense investments

Denmark will support Ukraine's defense sector with a new investment initiative. Deputy Prime Minister Yulia Svyrydenko announced that the country will provide $140 million in guarantees for Danish companies. This plan aims to encourage investment in Ukraine's defense industry. The Danish government will use the Export and Investment Fund of Denmark (EIFO) to back these investments. The guarantees will cover up to 70% of the companies' funds directed toward Ukraine's military sector. This effort is part of Denmark's ongoing support for Ukraine amid the conflict with Russia. Denmark has been a leader in military support to Ukraine, establishing a model for buying arms from Ukrainian manufacturers. Svyrydenko believes this new measure will lower risks for investors and motivate Danish firms to work more closely with Ukraine. Since the start of the war in 2022, Denmark has provided around $7.5 billion in military aid to Ukraine. The EIFO is already familiar to many Danish businesses, as it has been helping support both local and Ukrainian companies.