Denmark’s investment fund will develop the Ukrainian defense industry: What other defensive assistance are Ukraine’s partners offering?

Monday, October 14, 2024
Denmark’s investment fund will develop the Ukrainian defense industry: What other defensive assistance are Ukraine’s partners offering?

Denmark plans to create an investment fund to develop the Ukrainian defense industry and accelerate weapons production. Investors will receive an ownership share, access to information, and the opportunity to create joint ventures with Ukrainian manufacturers.

In turn, Slovakia will expand its military equipment repair operations on the border with Ukraine, which began operating last year. The facility, located in Slovakia, near the city of Michalovce, repairs damaged German military equipment used by the Armed Forces of Ukraine. The German company Krauss-Maffei Wegmann carries out repairs at the plant.

Also, by the end of the year Ukraine will receive additional AS90 artillery systems from the UK, the remaining 500,000 shells promised through the Czech initiative, and almost 5,000 Lithuanian combat drones, costing €5M.

The Netherlands has reserved a total of €10.4B for Ukrainian military aid, of which more than €6B remains unspent.

Moreover, British authorities are considering sending military instructors to Ukraine for joint training.

 

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