Denmark's new tranche for Ukraine's armament: half of the funds are revenues from Russia's assets

Danish Defense Minister Troels Lund Poulsen in Kyiv has signed a protocol of intent with the head of the Ministry of Defense of Ukraine Rustem Umerov and the Minister for Strategic Industries German Smetanin, according to which Ukrainian defense enterprises will purchase weapons worth about 4.2 billion crowns ($ 628.8 million). Of these, $ 434.2 million are funds received from frozen assets of the Russian Federation.

"Denmark and Ukraine continues to purchase weapons through the Ukrainian military-industrial complex [MIC] for a total of 4.2 billion crowns. By the end of 2024, it is planned to supply Ukrainian—made weapons and equipment to the front, funds for which were received from Denmark, as well as at the expense of frozen Russian assets that Denmark receives on behalf of the EU," the Danish Ministry of Defense reports.

Denmark allocates 1.3 billion crowns ($ 194.6 million), 2.9 billion crowns ($ 434.2 million) are funds received from frozen Russian assets that it will use on behalf of the EU, TASS reports.