Denmark Allocates Additional $600M to Ukraine Fund in 2026

Denmark said it will allocate an additional DKK 3.8 billion ($600 million) to the Ukraine Fund in 2026, bringing its total contribution for the year to DKK 14.0 billion ($2.21 billion).

Under the economic plan, Denmark had already allocated DKK 9.6 billion ($1.52 billion) for 2026, with a further DKK 0.6 billion ($95 million) expected from F-16 sales proceeds. The new allocation raises the total to DKK 14.0 billion ($2.21 billion).

“Support for Ukraine's defense struggle also contributes to the defense of Europe and Denmark. Ukraine's struggle also concerns our security. Europe must not forget the Ukrainians' struggle, and therefore it is important to me that the government plans to allocate more than 3.8 billion kroner extra for Ukraine this year. I am proud that Denmark is leading the way here,” said Defense Minister Troels Lund Poulsen.

Denmark has decided to provide military support to Ukraine worth more than DKK 70 billion ($11.06 billion) between 2022 and 2028, including F-16 fighter jets, air defense missiles, tanks, artillery and drones.

The Ukraine Foundation was established in March 2023 by the government and a broad majority in Parliament to ensure continued support. Its military framework totals DKK 70.0 billion ($11.06 billion) for 2023–2028. After the planned increase, the framework is expected to reach DKK 75.6 billion ($11.95 billion).

Proceeds from F-16 sales to Argentina have been reallocated to Ukraine support in 2025, with future proceeds also expected to be reprioritized.

Denmark said the allocation will bring defense and security spending to 3.5% of GDP in 2026.

At this level, Denmark will meet the core military spending benchmark set by NATO, which requires at least 3.5% of GDP for core military needs as part of a broader 5% defense and security spending target from 2035.

In 2024, Denmark implemented direct military donations produced by Ukraine’s defense industry through the Ukrainian state under the “Danish model.” Over the past two years, the EU and allied countries, together with Denmark, have contributed more than DKK 17 billion ($2.69 billion) through this framework.