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Denmark to invest $5.5 billion in new warships

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Reuters

Reuters

COPENHAGEN — The Danish Ministry of Defense on Thursday invested 40 billion Danish crowns ($5.47 billion) in new warships as NATO members look to boost maritime security following Russia's invasion of Ukraine. said he planned to

A partnership with the country's maritime industry has been launched to develop and build new warships in Denmark as part of investments planned for the next 20 to 25 years, said Morten Bozkov. The defense minister said in a statement.

“The Russian aggression against Ukraine and the new security situation in Europe make it more important than ever for Denmark to be able to defend itself. Securing supplies plays a crucial role here. ,” said Bozkov.

NATO member states have pledged to gradually increase defense spending to his 2% of GDP by 2033.