Denmark establishes $1 billion fund to aid Ukraine

Ukrainian servicemen fire with a SPG-9 anti-tank grenade launcher during a military exercise, amid Russia's attack on Ukraine, in Zaporizhzhia region, Ukraine March 14, 2023. REUTERS/Stringer

COPENHAGEN (Reuters) - Denmark's government said on Wednesday it will establish a fund of 7 billion Danish crowns ($1.01 billion) for military, civilian and business aid to Ukraine this year.

The fund, which was agreed with a broad majority of parties in parliament, will direct 5.4 billion crowns towards military aid, 1.2 billion towards civilian aid and 0.4 billion towards efforts by Danish companies to rebuild Ukraine.