Denmark unlocks $194 million to arm Ukraine

In this handout photograph taken and released by the Zaporizhzhia Regional Military Administration on September 29, 2024, local residents react as they stand next to a damaged residential building following a missile attack in Zaporizhzhia, amid the Russian invasion of Ukraine. Agence France-Presse

COPENHAGEN — Denmark on Sunday said it was unlocking 1.3 billion kroner ($194 million) to help Ukraine bolster its under-pressure arsenal against Russia’s invasion.

The weapons and equipment will be produced in Ukraine but financed by Denmark and frozen Russian assets, the Danish defence ministry said in a statement.

The Scandinavian country, a steadfast backer of Ukraine since the war broke out in 2022, also announced the creation of a joint defence hub in Kyiv designed to help develop of new partnerships.

READ: Denmark to donate 19 French-made howitzers to Ukraine: govt

“Wars are not only won on the battlefield, but also in industry,” Trade and Industry Minister Morten Bodskov said in a statement.

In February, Denmark sealed a 10-year security agreement with Ukraine, following similar deals by Germany, Britain and France.