Ukrainian Army To Get Long-Range Drones And Missiles

Thanks to the frozen assets of the Russian Federation.

The Defence Forces will receive long-range drones, ATGM systems, missiles and artillery units produced in Ukraine by the end of 2024. This is provided for by agreements with Denmark to support the Ukrainian defence industry for 4.2 billion Danish kroner ($629 million)

It is reported by RBC-Ukraine citing the Press Service of the Ministry for Strategic Industries of Ukraine.

In particular, DKK 1.3 billion comes from the Danish state budget, and DKK 2.9 billion is interest on frozen Russian assets managed by Denmark on behalf of the EU.

The Ministry of Strategic Industries of Ukraine and the Ministry of Defence of Ukraine have concluded a number of relevant implementation agreements with the Ministry of Defence of Denmark.

“Denmark has long been one of Ukraine's biggest supporters and we will keep doing it. But if we want to support Ukraine in the long term, it is very important that we support the Ukrainian defence industry directly,” said Danish Defence Minister Troels Lund Poulsen.

He said that he was glad to see that the “Danish model” is now in place, “and that we are financing very popular equipment in close cooperation with Ukraine, which can be delivered within a few months.”

According to Deputy Minister of Defence of Ukraine Dmytro Klimenkov, Denmark was the first to start purchasing weapons directly from our defence enterprises.

"As a result of the agreements, Ukrainian manufacturers of weapons and equipment, state and private, will purchase self-propelled artillery systems, attack drones, anti-tank weapons, and missile weapons by the end of 2024," said Hleb Kanevsky, Director of the Procurement Policy Department of the Ministry of Defence.

Recall that the EU decided to transfer the proceeds from the frozen Russian assets to help Ukraine. The money will be channelled through the European Peace Facility and the Ukraine Fund to strengthen Ukraine's military capacity and help rebuild the country.

In the summer, Euroclear made the first payment of 1.55 billion euros to the assistance fund for Ukraine. The Clearing House holds €173 billion linked to sanctioned Russian assets, including frozen assets of its central bank.

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