Denmark provides another $170M to support Ukrainian arms manufacturers, allowing them to cover the military’s urgent needs quickly.

Thursday, June 20, 2024
Denmark provides another $170M to support Ukrainian arms manufacturers, allowing them to cover the military’s urgent needs quickly.

Denmark will make a second, DKK 1.2B ($170M) contribution within the framework of the ZBROYARI: Manufacturing Freedom initiative, Minister of Strategic Industry Oleksandr Kamyshin said. According to the minister, the 19th aid package from Denmark provides $170M to quickly cover the Ukrainian military’s needs. It is expected that the first purchases will start in the summer.

“This aid will significantly strengthen the Ukrainian army, and not only that, but since the funds will remain in Ukraine, it will also strengthen our economy,” Kamyshin added.

In addition to investments in the Ukrainian military industry, the new aid package includes agreements on purchasing and transferring weapons from allied defense industries. Among other things, more equipment is needed to support the Danish F-16s, which will soon arrive in Ukraine.

 

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