Today: 16 October 2025
16 March 2023
2 mins read

Denmark to set up $1 bn aid for Ukraine

The aid will be three-pronged, with the biggest chunk being military aid of around 5.4 billion kroner in 2023…reports Asian Lite News

Denmark will set up a $1 billion fund for aid to Ukraine in 2023, the Danish government announced on Wednesday following agreement by almost all parties in parliament.

Western nations have pledged a steady flow of support to Ukraine since Russia’s invasion a year ago.

“The government has agreed to establish a fund for Ukraine with a total framework of around seven billion kroner ($1 billion) in 2023,” the finance ministry said in a statement, a project supported by 159 of 179 members of parliament.

Some development aid will be redirected to pay for the initiative, as well as an easing of financial policy.

The aid will be three-pronged, with the biggest chunk being military aid of around 5.4 billion kroner in 2023.

Civilian aid for humanitarian and long-term reconstruction efforts will receive around 1.2 billion kroner, while 400 million kroner will go to business initiatives.

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

In addition, the government will allocate funds in 2024-2027 to cover the cost of replacing the military aid given to Ukraine in 2022 and 2023, the government said.

Meanwhile, British and German fighter jets scrambled to intercept two Russian aircraft flying close to Estonia in a joint NATO mission on Tuesday – hours after a Russian plane downed a US drone over the Black Sea – amid fears of an escalation in the region, media reports said.

The RAF and German Typhoon jets were reacting to a Russian air-to-air refuelling aircraft after it failed to communicate with Estonian air traffic control in the Baltic Sea, and as it approached NATO airspace.

The Russian Il-78 Midas plane was intercepted as it was flying between St Petersburg and Kaliningrad. The NATO jets were later redirected to also intercept a Russian Russian Antonov 148 military transport aircraft that was also passing close to Estonian air space, the RAF said in a release on Wednesday.

It was the first joint NATO air policing scramble carried out by the two countries, and comes amid a period of heightened tension in the region due to Russian President Vladimir Putin’s ongoing invasion of Ukraine and his threats to Kyiv’s western allies.

Russia today warned it will “consider any action with US weaponry as openly hostile” after the incident involving the drone in international airspace on Tuesday, which also came as Danish investigators said they had found a “suspicious object” beneath the Nord Stream 2 pipeline, parts of which were mysteriously destroyed last year.

ALSO READ: Canada announces additional military aid to Ukraine

Previous Story

CBUAE, RBI sign MoU to promote innovation

Next Story

Don’t miss Rani Mukerji starrer Mrs. Chatterjee Vs Norway

Latest from -Top News

India wins unopposed seat on UNHRC

India last served on the HRC in 2024, completing a second consecutive term….reports Asian Lite News India has been elected unopposed to the UN Human Rights Council (HRC) for the seventh time,

Relief Rolls In, Restrictions Remain in Gaza

Israeli official noted an Israeli statement saying it would limit the number of aid truckloads entering the Gaza Strip to 300 daily…reports Asian Lite News Relief operations in Gaza have intensified since

‘A Day to Rejoice’

In its statement, British Friends of Israel saluted the courage and resilience of the hostages and expressed deep sorrow for those who did not survive captivity After 737 days of anguish, the

UK to Lead Gaza Rebuild

PM announces an additional £20 million aid package aimed at providing essential water, sanitation and hygiene services to tens of thousands of people Prime Minister Keir Starmer attended the signing ceremony of

UK to host summit on Gaza recovery plan

The three-day conference, beginning Monday afternoon, will take place at Wilton Park, the Foreign Office’s policy forum based in West Sussex The UK will host an international summit on the recovery and
Go toTop

Don't Miss

Denmark to join Britain-US coalition against Houthis

The Houthis say their attacks are in support of Palestinians

Denmark considers enacting laws to prevent burning of Quran

Rasmussen expressed his country’s regret and dissatisfaction with such incidents