Danish Defense Minister and Deputy Prime Minister Troels Lund Poulsen on Monday lauded a new partial agreement aimed at bolstering security in the Arctic and North Atlantic regions. The government plans to allocate 14.6 billion kroner (~$2 billion) to address the growing threats in the area, which Poulsen described as having a deteriorating security situation.
The deal comes as the cooperation of Denmark, the Faroe Islands, and Greenland, and includes plans to deploy three new Arctic ships, enhance satellite capabilities, and introduce additional long-range drones equipped with advanced imaging technology. A second agreement is anticipated to be announced in the first half of this year.
"We ensure this with this agreement and it is important for me to state that there is a need to invest further in defense and security in the region," the defense minister stated.