Denmark establishes $1 billion fund to aid Ukraine
Danish Foreign Affairs Minister Lars Lokke Rasmussen attends a European Union (EU) Foreign Ministers' meeting in Brussels, Belgium January 23, 2023. REUTERS/Johanna Geron
Denmark's government said on Wednesday it will establish a fund of 7 billion Danish crowns ($1.01 billion) for military, civilian and business aid to Ukraine this year.
The fund, which was agreed with a broad majority of parties in parliament, will direct 5.4 billion crowns towards military aid, 1.2 billion towards civilian aid and 0.4 billion towards efforts by Danish companies to rebuild Ukraine.
"This is largely a reflection of the wishes Ukraine has, which in addition to the military and the humanitarian aid are now also about reconstruction," Denmark's Foreign Minister Lars Lokke Rasmussen told journalists.
Keep updated, follow The Business Standard's Google news channel
($1 = 6.9397 Danish crowns)
