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COPENHAGEN, March 6 (Reuters) – Denmark will considerably improve its defence funds and goal to develop into unbiased of Russian pure gas in response to Russia’s invasion of Ukraine, Danish Prime Minister Mette Frederiksen mentioned on Sunday.
The Nordic nation will improve its defence spending steadily to attain 2% of GDP by 2033, equal to a rise in annual defence spending of round 18 billion Danish crowns ($2.65 billion) beneath an settlement between the primary parliamentary events.
The events additionally agreed to put aside 7 billion crowns over the subsequent two years to strengthen Danish defence, diplomacy and humanitarian efforts.
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“Historic times call for historic decisions,” Frederiksen mentioned at a press briefing in Copenhagen, including that this was “the largest investment in Danish defence in recent times”.
Denmark, a NATO member, agreed in 2019 to improve army spending from 1.35% of its financial output to 1.5% by 2023, however had been beneath strain from the United States to attain the NATO goal of two%.
Germany mentioned final week that it might sharply improve its spending on defence to greater than 2% of GDP and shortly scale back its dependence on Russian power. learn extra
“Putin’s pointless and brutal attack on Ukraine has heralded a new era in Europe, a new reality,” Frederiksen mentioned.
“Ukraine’s struggle is not just Ukraine’s, it’s a test of strength for everything we believe in, our values, democracy, human rights, peace and freedom.”
To accommodate larger defence spending, Denmark’s present funds restrictions will probably be eased, and the deficit will flip unfavourable after 2025.
Frederiksen mentioned the primary parliamentary events had agreed that Denmark ought to develop into unbiased of Russian gas “as soon as possible”, though no timeframe was stipulated.
They additionally agreed {that a} referendum must be held on June 1 on whether or not to take part within the European Union’s Common Security and Defence Policy (CSDP), nearly 30 years after Danes selected to decide out.
Participating within the CSDP would allow Denmark to participate in joint EU army operations and to cooperate on growth and acquisition of army capabilities inside the EU framework.
Denmark gained exemptions from some EU coverage areas, together with the euro foreign money and defence and safety coverage, in a 1992 referendum on the Maastricht Treaty that laid the groundwork for the fashionable European Union.
($1 = 6.8038 Danish crowns)
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Reporting by Nikolaj Skydsgaard and Stine Jacobsen; writing by Jacob Gronholt-Pedersen; Editing by Raissa Kasolowsky and Kevin Liffey
Our Standards: The Thomson Reuters Trust Principles.
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