Denmark to allocate another $2.6 billion for military aid to Ukraine

Denmark plans to increase its spending on military aid to Ukraine by 17.9 billion kroner ($2.59 billion) this year and next.

This was announced on Monday by Danish Prime Minister Mette Frederiksen, DR.dk reports.

"The war in Ukraine is now at a very critical moment, the situation on the battlefield is very serious, and therefore Ukraine needs all the support it can get," said Mette Frederiksen.

The fund, which finances military assistance to Ukraine, was established in March when a majority in the Danish parliament agreed to contribute 7 billion Danish kroner to the fund.

The government will allocate another DKK 7.5 billion to the fund this year, bringing the total to DKK 14.5 billion in the fund. And next year, the government will add another DKK 10.4 billion to the fund.

According to Mette Frederiksen, the money comes from the "social fund".

"Right now, Ukrainians need our weapons and our support, so it's urgent. But there is no sign that next year will be a year of peace, so we are already allocating more than ten billion in 2024," the Prime Minister explained.

The need for new funds has arisen because 70% of the fund has already been used.

"The fund for Ukraine will soon be empty because we are one of the countries that help Ukraine a lot, and so we decided to invest a large amount this year, but next year Denmark will be one of the countries that support Ukraine the most," says Mette Frederiksen.

Author - Olena Madiak, 29/05/2023