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Denmark to Invest $5.5 Billion in New Warships

marinesalvage by marinesalvage
September 11, 2022
in News
0
Denmark to Invest $5.5 Billion in New Warships
Denmark to Invest $5.5 Billion in New Warships

Denmark anticipates to spend 40 billion Danish crowns ($ 5.47 billion) in brand-new battleships as the NATO participant looks for to strengthen its maritime safety and security following Russia’s intrusion of Ukraine, the protection ministry claimed on Thursday.

As component of the financial investments due over the following 20 to 25 years, a collaboration with the nation’s maritime market was introduced, intending to establish and also develop the brand-new battleships in Denmark, Defense Minister Morten Bodskov claimed in a declaration.

“With Russia’s attack on Ukraine and the new security situation in Europe, it is more important than ever that Denmark is able to defend itself. Security of supply plays a decisive role here,” Bodskov claimed.

The NATO nation has actually vowed to progressively enhance protection costs to 2% of GDP by 2033.

($ 1 = 7.3158 Danish crowns)

(Reuters – Reporting by Jacob Gronholt-Pedersen and also Stine Jacobsen, modifying by Terje Solsvik and also Alex Richardson)

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