On April 3, Ukraine’s First Deputy Prime Minister and Minister of Economy, Yuliia Svyrydenko, met with Danish Finance Minister Nicolai Wammen to discuss military aid, investment in Ukraine’s economy, and prospects for further economic cooperation.
Minister Wammen announced Denmark’s 25th military aid package for Ukraine, totaling 6.7 billion Danish kroner (approximately $1 billion). The package includes air defense systems, artillery, and funding for the Ukrainian Air Force. The support will be delivered between 2025 and 2027.
A key focus of the meeting was the so-called “Danish model” of assistance, which involves direct investment in Ukraine’s defense industry. As part of the new package, Denmark will allocate 2 billion kroner during 2025–2027 specifically to support Ukrainian weapons production.
“The Danish model is an extremely effective mechanism that has become an example for Ukraine’s other allies. Instead of purchasing arms abroad, Denmark invests directly in Ukrainian manufacturing. This ensures faster supply for our armed forces and boosts our economy,” said Yuliia Svyrydenko.
Last year, Denmark allocated 4.4 billion kroner under this model, significantly supporting Ukraine’s defense industry. The model is also encouraging other countries to channel funds directly into Ukrainian production.
The meeting also addressed the expansion of economic ties. The Danish side noted that around 100 major Danish companies are already investing in Ukraine, including Carlsberg and logistics firm DSV, both of which expanded operations even as other foreign companies exited the market.
Ukraine presented new wartime investment tools, including mechanisms for war-risk insurance and intergovernmental agreements. The Ukrainian side emphasized the importance of attracting private investment funds to support local businesses.
A new Danish initiative, “IFU 2.0,” was also announced. It will enable Denmark’s Investment Fund for Developing Countries (IFU) to provide guarantees to Danish investors entering the Ukrainian market. This initiative will apply not only to defense but also to other sectors of Ukraine’s economy.
The two sides agreed to organize a business mission of Danish companies to Ukraine to establish direct partnerships with Ukrainian businesses.
