Minister for Reintegration Oleksii Reznikov said that discussions are underway through the Danida Business Finance program.
Denmark is a big supporter of Ukraine, and more seems to be underway, according to Oleksii Reznikov, Minister for Reintegration of Temporarily Occupied Territories. Ukrinform writes that Reznikov recently had a meeting with the Danish Ambassador to Ukraine, Ole Egberg Mikkelsen and that Denmark is ready to support the development of several cities.
“Several priority areas have been identified in which projects will be selected for funding under the program. These are renewable energy, energy efficiency, heat supply, water supply, and water purification,” told Reznikov.
“Given all the losses suffered by Donetsk and Luhansk regions due to Russia’s armed aggression and occupation of parts of the regions, destruction of enterprises, bringing them to a critical environmental situation, destruction of communications – these areas are urgent for development. I am grateful to our Danish friends for the support of Ukraine as a whole and our citizens who suffer from the actions of the Russian Federation. All projects will be implemented to meet the basic needs of our citizens and, of course, businesses.”
Reznikov said that the project cost at least 13.5 million euros but can grow to 100 million euros. Ukrinform writes that the support comes as interest-free loans and that the implementation period is ten years. According to the media, the focus is on the regions of Donetsk, Luhansk, Mykolaiv, Kharkiv, and Kherson.
A long history of support
The deal still hasn’t been announced by the Danish Embassy in Ukraine, and it is unclear whether all the details provided are correct. However, Denmark is a big supporter of Ukraine, and the new deal is just the latest of many deals over the years.
In July, Denmark and Ukraine signed a new phase of the Ukraine-Denmark Energy Partnership Programme with a budget of eight million euros. Denmark will help develop the Ukrainian energy sector through consultations, technical assistance, and training of specialists with a focus on energy planning, energy efficiency, and district heating.