The Denmark Government is introducing a new state guarantee that provides for a coverage of up to 70% of the investments of Danish companies in Ukrainian defense companies through the Danish Export and Investment Fund (Danmarks EKSport- OG investeringsfond).
The total amount of the guarantees is 130 million euros, as announced by the first vice -first minister, Yulia Svydenko, on Facebook. In this way, Denmark Mitiga the risks of the investments of Danish companies in the Ukrainian defense industry, as reported by the media .
“For Danish manufacturers, this is an opportunity to attract experience, innovations and Ukraine capacity to test weapons in real combat conditions,” said Svydenko.
In addition, he added that the Eifo fund is well known by Danish companies, since this instrument actively supports them, but also to Ukrainians.
The Danish investment and export fund, in particular, offers export credit guarantees to reduce export risks to Ukraine covering possible payment breaches, direct loans (offering loans to Ukrainian buyers of Danish goods and services) and investment capital to promote the expansion of Danish companies in Ukraine.
“We are grateful to Denmark for his decision to support the Ukraine defense industry stimulating the investments of Danish companies,” Svydenko summarized.
