Danish-led initiative to boost Ukrainian defense industry with €428M

The initiative, backed by Denmark, Sweden, Canada, Norway, and Iceland, aims to directly invest in Ukraine’s defense industry as the country ramps up wartime production.

According to Umerov, total defense assistance through the Danish model is expected to scale up to €1.3 billion [$1.41 billion] by 2025. A portion of this funding will come from the profits generated by frozen Russian assets.

“This is an investment in weapons made in Ukraine and in the security of all of Europe,” Umerov said.

He described the Danish model as a “unique mechanism for direct support of the Ukrainian defense industry,” adding that it reflects growing trust in Ukraine’s Armed Forces, recognition of the country’s manufacturing capabilities, and a meaningful contribution to strengthening Ukraine’s Defense Forces.

Umerov also revealed that new strategic steps are being prepared to facilitate Ukrainian defense investments in Ramstein coalition countries and to help European defense companies set up production lines inside Ukraine.