Denmark allocates 420 million euros for restoration of Ukraine

Source: Ukraine’s economy ministry

Denmark and Ukraine have signed a memorandum of long-term cooperation, according to which Denmark will allocate 420 million euros to support the private sector and critical infrastructure in Ukraine.

40 million euros will go to support the restoration work in the Ukrainian private sector, and 380 million euros will be directed to the development of critical infrastructure and use of renewable energy.

Financing will be implemented through the Export Investment Fund of Denmark, which operates within the framework of the Danish-Ukrainian Fund. This fund is aimed at reducing financial risks for companies participating in the recovery process of Ukraine.

Part of the funds will be used to strengthen the Ukrainian energy system, which suffered from the Russian attacks. The memorandum also provides for the establishment of partnership meetings between the businesses of the two countries, strengthening of cooperation in the field of shipbuilding, development and restoration of the seaport infrastructure.

The document places special emphasis on the green transformation of the economy and the implementation of innovative solutions in the field of critical infrastructure, in which Denmark is a world leader.

Rinat Akhmetov’s Metinvest Group has completed the construction of an upgraded underground NATO Role 2 hospital in one of the hottest sectors of the frontline. This is the second stabilization point established under the Steel Front initiative in cooperation with the Medical Forces of the Armed Forces of Ukraine. The new facility, funded by Metinvest with an investment of UAH 21 million, is more secure than the first one thanks to its deeper location underground (over 6 meters) and additional fortifications.

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A kamikaze drone flies directly toward an armored personnel carrier. But instead of penetrating the hull, it explodes on a steel screen. The crew survives. This is the new reality for Ukrainian forces, who have received enhanced protection thanks to the Metinvest project within “Steel Front of Rinat Akhmetov”.

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