Denmark Backs Ukrainian Firm With $113M Loan
Denmark has approved a 750 million crowns state loan guarantee for the Danish subsidiary of Ukrainian defense manufacturer Fire Point. The funding supports rocket fuel production abroad to protect supply chains from Russian attacks.
Denmark will guarantee a 750 million crowns ($113M) state loan to the local subsidiary of Ukraine-based drone and missile manufacturer Fire Point. The financing supports overseas missile component production to shield the supply chain from Russia's military attacks. The state-backed arrangement provides a secure funding channel after the ongoing conflict restricted commercial borrowing options.
