Insightful Trader Tips
  • Finances
  • World News
  • Investing
  • Stock
World News

Denmark boosts Arctic defense spending by $2 billion after Trump’s Greenland interest

by January 28, 2025
January 28, 2025

Denmark said on Monday it would spend 14.6 billion Danish kroner ($2.05 billion) boosting its military capabilities in the Arctic – a decision that comes amid continuing furor following US President Donald Trump’s renewed interest in controlling Greenland, a semi-autonomous Danish territory.

The agreement aims to “improve capabilities for surveillance and maintaining sovereignty in the region,” according to a statement from Denmark’s Ministry of Defense.

“At the same time, support to Allies and NATO’s efforts in the Arctic and North Atlantic is essential to strengthening overall security and defense,” the statement added.

As part of the investment package, Denmark will fund three new Arctic naval vessels, two long-range drones with the ability to conduct surveillance over large areas and increased admission to Arctic basic military training.

“We must face the fact that there are serious challenges regarding security and defense in the Arctic and North Atlantic,” Troels Lund Poulsen, Denmark’s minister of defense, said. “For this reason, we must strengthen our presence in the region. That is the objective of this agreement, which paves the way for further initiatives already this year.”

Vivian Motzfeldt, Denmark’s minister of statehood and foreign affairs, added that “Greenland is facing a changing security landscape.”

The announcement comes after the European Union said it was “not negotiating” on the sovereignty of Greenland

Asked if the EU should negotiate the territorial integrity and sovereignty of Denmark, EU’s foreign policy chief Kaja Kallas said: “No, we are not negotiating on Greenland. Of course, we are supporting our member state Denmark and its autonomous region, Greenland.”

‘US shifts to a more transactional approach’

Trump, who took office on January 20, has previously described US control of Greenland as an “absolute necessity.” Both Greenland and Denmark have said previously that the island is not for sale.

The question to Kallas on Monday came after she told a press conference that Europe needed to “close ranks” as the “United States shifts to a more transactional approach” in its foreign relations.

She told the same conference that the US was an “important ally” and that America and Europe were “very much interlinked,” but added that “it’s not like somebody is telling us what to do and we are following” and warned against further speculation over Greenland.

“We shouldn’t also go into speculation about the ‘what ifs,’ because this is not the situation right now,” she said.

Still, US and Danish officials have said they don’t understand the incoming president’s obsession with acquiring Greenland, which Trump has called “an absolute necessity,” particularly because the US already has a decades-old defense agreement with the territory that has allowed the US to build up a significant military presence — including troops and radar systems — on the world’s largest island.

Despite those rebuttals, the debate over Greenland’s future has been stirred up by growing speculation over its independence movement.

In his New Year’s speech, Greenland’s prime minister said the island should break free from “the shackles of colonialism” – though the speech did not mention the United States.

This post appeared first on cnn.com
previous post
Israel says eight of the remaining hostages to be released by Hamas in phase one of deal are dead
next post
Still BULLISH NVDA Despite DeepSeek?

Related Posts

Critics slam Mexico’s gentrification protests as xenophobic. Activists...

July 10, 2025

EU’s von der Leyen survives parliament confidence vote...

July 10, 2025

A piece of the illegally felled Sycamore Gap...

July 10, 2025

Universities threatened with funding cuts under proposed plan...

July 10, 2025

At least four killed and many ‘kidnapped’ in...

July 10, 2025

South Korea’s former President Yoon Suk Yeol back...

July 10, 2025

Deadly strikes on Kyiv as Russia continues ferocious...

July 10, 2025

Trump praises ‘good English’ of Liberian president, prompting...

July 10, 2025

Does Putin hit back when Trump criticizes his...

July 9, 2025

Desperate Gaza doctors cram several babies into one...

July 9, 2025

Investing

  • Editor’s Picks: Miners Rescued, US Mine Waste Strategy, Ontario Expands CIMF

    July 25, 2025
  • Pinnacle Increases Non-Brokered Private Placement

    July 25, 2025
  • Teck Greenlights Highland Valley Expansion After Beating Q2 Profit Estimates

    July 25, 2025
  • NextSource Materials

    July 25, 2025
  • Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    July 25, 2025

Disclaimer: InsightfulTraderTips.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InsightfulTraderTips.com All Rights Reserved.

    Insightful Trader Tips
    • Finances
    • World News
    • Investing
    • Stock
    Insightful Trader Tips
    • Finances
    • World News
    • Investing
    • Stock
    Copyright © 2025 InsightfulTraderTips.com All Rights Reserved.