Today: 3 July 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 Outpaces Peers in Morgan Stanley Outlook

Global investment firm reaffirms India’s status as top-performing economy in latest growth outlook…reports Asian Lite News India is set to retain its position as the fastest-growing economy among nations tracked by Morgan

US Presses Hamas on Ceasefire Deal

The new proposal seeks to address some of Hamas’ concerns, and Israeli hostages will be released in exchange for Palestinian prisoners during the ceasefire….reports Asian Lite News US President Donald Trump has

Trump Ends Syria Sanctions

Syria has been designated a State Sponsor of Terrorism by the United States since December 1979…reports Asian Lite News US President Donald Trump signed an executive order terminating Syria sanctions, according to

India’s Growth Defies West Asia Tensions

The deepening crisis in West Asia, particularly between Israel and Iran, has had little to no visible impact on India’s economic trajectory or its export performance….reports Asian Lite News The limited trade
Go toTop

Don't Miss

Denmark considers enacting laws to prevent burning of Quran

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

UAE sign extradition agreement with Denmark

The UAE and Denmark signed two agreements in extradition and