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Ukraine and Iceland sign security guarantees agreement

Ukraine and Iceland sign security guarantees agreement Prime Minister of Iceland Bjarni Benediktsson and President of Ukraine Volodymyr Zelenskyy (president gov ua)
Author: Maria Kholina

Ukraine and Iceland have signed a security guarantees agreement. Iceland has committed to providing long-term economic, humanitarian, and defense support to Ukraine, citing the Office of the President.

Iceland has pledged not only to assist Ukraine but also to support its future membership in the EU and NATO.

As part of the security agreement, Iceland will allocate at least 4 billion Icelandic krona (nearly $30 million) annually to Ukraine from 2024 to 2028. Support for Ukraine will continue for 10 years, covering the entire term of the agreement.

Iceland is also ready to finance, procure, and supply defense materials and equipment, and to collaborate with Ukraine in developing its defense industry.

Notably, the agreement is unique in that Iceland commits to continue transporting military cargo and equipment to Ukraine from NATO allies using chartered cargo planes. The country will pay special attention to women in the military.

The agreement also covers support for the peace formula, sanctions against Russia, compensation for damages, holding Russia accountable, strengthening social and civil infrastructure, and energy security.

The full text of the agreement between Ukraine and Iceland is available via the provided link.

Security guarantees for Ukraine

Ukraine has already signed security guarantee agreements with 14 countries, including the UK, Germany, France, Denmark, Canada, Italy, the Netherlands, Finland, Latvia, Spain, Belgium, Portugal, Sweden, and Iceland.

Each of these agreements shares common features and has a duration of 10 years. However, each country provides individual commitments based on its economic and defense capabilities.

The Financial Times reports that Ukraine and the USA will sign a security guarantee agreement at the G7 summit, which will take place from June 13-15 in Italy.