The contributions are aimed at aiding the Ukrainian Armed Forces. Credit: megaflop/Shutterstock.

Denmark, France, and Lithuania have collectively contributed more than €150m ($156.36m) to support Ukraine’s defence industry.  

Denmark’s contribution, amounting to €111m, is part of a cooperation agreement with Ukraine’s Ministry of Defence and Ministry for Strategic Industries. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This is aimed at supplying the Ukrainian Armed Forces with advanced, locally produced munitions.  

France has provided a €29m grant to enhance Ukraine’s security and defence capabilities.  

Additionally, Lithuania has pledged €10m to develop the Ukrainian defence sector. 

This aligned with a Memorandum of Understanding between Lithuania’s Ministry of National Defence, Ukraine’s Ministry of Defence, and Ukraine’s Ministry for Strategic Industries.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ukraine Defence Minister Rustem Umerov said: “These funds will primarily be allocated to the production of missiles, deep-strike drones, and artillery systems.” 

Previously in November, Ukrainian President Volodymyr Zelensky announced plans to boost production of long-range drones and missiles as part of Ukraine’s resilience plan.  

In a speech to parliament, he said the drones would offset artillery shortages, with a goal of producing 30,000 drones next year and establishing a new technology centre. 

This month, the US Department of Defence also announced a $988m security assistance package for Ukraine through the Ukraine Security Assistance Initiative, which includes munitions for rocket systems and unmanned aerial systems (UAS).  

The aid is intended to strengthen Ukraine’s defences amidst the ongoing conflict with Russia, which has resulted in significant human and material losses.  

Western allies have been providing financial support and military equipment to Kyiv since the escalation of the conflict going on between Ukraine and Russia, during which Russia has suffered more than 700,000 casualties.