Denmark establishes $1bn fund to aid Ukraine

Denmark flag

DENMARK’s government on Wednesday says it will establish a fund of seven billion Danish crowns ($1.01 billion) for military, civilian and business aid to Ukraine this year.

Denmark’s Foreign Minister Lars Lokke Rasmussen told journalists that the fund, which was agreed with a broad majority of parties in parliament, will direct 5.4 billion crowns towards military aid.

Rasmussen said 1.2 billion would be directed 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.” ($1 = 6.9397 Danish crowns).