Denmark To Provide $1 Billion In Aid To Ukraine

The Danish government said on Wednesday that Denmark will establish a $1 billion fund for assistance to Ukraine in 2023, following an agreement by nearly all parliamentary parties.

Since Russia’s invasion of Ukraine a year ago, the West has committed to providing Ukraine with a constant stream of help.

According to a statement from the finance ministry, “the government has agreed to establish a fund for Ukraine with a total framework of roughly seven billion kroner ($1 billion) in 2023,” a plan backed by 159 of the 179 members of parliament.

The project will be funded in part by rerouting some development aid and loosening financial regulations.

An estimated 5.4 billion kroner in military aid will make up the largest portion of the three-pronged help in 2023.

Approximately 1.2 billion kroner will be allocated to civil assistance for long-term reconstruction and humanitarian activities, while 400 million kroner will be used for economic endeavors.

Foreign Minister Lars Lokke Rasmussen told the media, “We can’t wait for the last shot to be fired”.

The government also announced that it will set aside money from 2024 to 2027 to pay for the expense of replacing the military assistance provided to Ukraine in 2022 and 2023.

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