Ukraine has secured a $570 million (or €535 million) arms deal with Denmark to boost its defense capabilities through purchases from Ukrainian defense companies.
This agreement was confirmed by Ukraine’s Defense Ministry, and includes specific projects and timelines for funding and delivery of weapons.
The deal builds on a previous letter of intent signed in Kyiv in September. Denmark, along with Sweden and funds from frozen Russian assets, will finance the agreement.
What the Deal Covers
With this funding, Ukrainian defense companies—both government-run and private—will supply essential military equipment, including self-propelled artillery systems, anti-tank weapons, drones, and missile systems, all critical for Ukraine’s military efforts.
Hlib Kanievskyi, Ukraine's Director of Procurement Policy, noted that Ukrainian manufacturers are ready to step up production and quickly deliver these items to the front lines.
A key feature of the deal is the "Danish model" of direct funding to local arms manufacturers, which aims to speed up production and ensure efficiency. Ukraine has already received $53 million (about €50 million) under this model, being used to build “Bohdana” self-propelled artillery systems.
“This model shows true support, helping us strengthen our defenses and protect our freedom,” stated Deputy Defense Minister Dmytro Klimenkov.
To ensure accountability, Ukraine’s Defense Ministry and Procurement Agency are using strict anti-corruption practices. They have shared information on manufacturers, production capabilities, and weapon specifications with Denmark to keep everything transparent.
