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Denmark to increase aid to Ukraine by over €3 billion by 2027

Denmark to increase aid to Ukraine by over €3 billion by 2027 Photo: Danish Defense Minister Troels Lund Poulsen (Getty Images)

Denmark has agreed to increase additional funding for the fund that supports Ukraine by 308 million euros in 2023 and 3.15 billion euros for the years 2025-2027, according to the Danish Ministry of Defense.

The Danish Parliament and government reached an agreement to increase the Ukrainian Fund by 2.3 billion Danish kroner in 2023, 10.5 billion in 2025, 7.4 billion in 2026, and 5.6 billion in 2027.

"This means that a total of 60.4 billion Danish kroner will be allocated from the Fund for military support to Ukraine for the years 2023-2028," as stated in the announcement.

This funding will contribute to Denmark achieving the minimum 2% of GDP spending on defense, as agreed by NATO member states.

"Denmark has been a steadfast supporter of Ukraine throughout the war, and by now strengthening our support, both in 2023 and notably by allocating significant funds in 2025-2027, we send a clear signal that Ukrainians can count on Danish support in the long-term," says Defense Minister Troels Lund Poulsen.

Denmark's aid to Ukraine

In addition to financial assistance, Denmark recently provided Ukraine with a new package of financial aid totaling over $40 million, with a focus on the restoration of Mykolaiv and its region. Denmark also allocated a military aid package to Ukraine worth over half a billion dollars, including tanks, ammunition, and drones, in late October.

Furthermore, Denmark contributed Leopard 1A5 tanks, sourced from museums, for training Ukrainian soldiers, finding them to be in better technical condition than those stored in warehouses.