Denmark will arrange a $1 billion fund for support to Ukraine in 2023, the Danish authorities introduced on Wednesday following settlement by nearly all events in parliament.
Western nations have pledged a gentle circulation of help to Ukraine since Russia’s invasion a 12 months in the past.
“The federal government has agreed to determine a fund for Ukraine with a complete framework of round seven billion kroner ($1 billion) in 2023,” the finance ministry stated in a press release, a undertaking supported by 159 of 179 members of parliament.
Some growth support can be redirected to pay for the initiative, in addition to an easing of economic coverage.
The help can be three-pronged, with the largest chunk being army support of round 5.4 billion kroner in 2023.
Civilian support for humanitarian and long-term reconstruction efforts will obtain round 1.2 billion kroner, whereas 400 million kroner will go to enterprise initiatives.
“We will not await the final shot to be fired,” International Minister Lars Lokke Rasmussen instructed reporters.
As well as, the federal government will allocate funds in 2024-2027 to cowl the price of changing the army support given to Ukraine in 2022 and 2023, the federal government stated.
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