Denmark slating EUR 130M in guarantees for investments in Ukrainian defense industry - Vice PM
This was reported on Facebook by the First Deputy Prime Minister, Minister of Economy Yuliia Svyrydenko, Ukrinform reports.
"The Danish government has announced the introduction of a new state guarantee, under which the government, through the Danish Export and Ivestment Fund (Danmarks Eksport- og Investeringsfond), will cover a total of DKK 1 billion (EUR 130 million), or up to 70% of investments, by Danish companies in Ukrainian defense companies," Svyrydenko noted.
According to the deputy prime minister, Denmark is thus reducing investment risks for their businesses that will invest in Ukraine’s defense industry. Danish manufacturers gain a unique opportunity to benefit off Ukrainian experience, implement innovative solutions, and test weapons on an actual battlefield.
She also noted that Danish companies are already well versed on EIFO’s work, since this financial instrument is actively utilized to support both Danish and Ukrainian businesses, including through guarantees for providing export credits, direct loans, and attracting investment capital. Currently, the scope of this mechanism has been expanded to cover the defense industrial complex.
As Ukrinform reported earlier, Denmark is showing leadership in supporting Ukraine in the Russo-Ukrainian war, and in 2025 it is expected to attract EUR 1.5 billion worth of investment in the Ukrainian defense industry under the so-called “Danish model”.
