Key facts
- Denmark will guarantee a $113 million loan to Ukrainian defense company Fire Point's Danish subsidiary.
- The loan is backed by the Danish state through the Export and Investment Fund (EIFO).
- Fire Point plans to produce fuel for long-range missiles on Danish soil, with operations expected by the end of 2027.
- The company is also expanding European defense partnerships for its Freyja missile defense project.
Denmark will guarantee a 750 million Danish kroner ($113 million) loan to the Danish subsidiary of Ukrainian defense company Fire Point, the Danish government announced on October 21, 2026. The guarantee aims to bolster Ukraine's defense production capabilities as Russian attacks threaten domestic manufacturing and supply chains. The loan, channeled through Denmark’s Export and Investment Fund (EIFO), is backed by the Danish state because the ongoing war prevents Fire Point from borrowing on ordinary terms. Business and Industry Minister Martin Lidegaard stated that hosting Ukrainian defense production in Denmark would bring knowledge, production, and partnerships, strengthening Ukraine, Denmark's defense industry, and European independence. Defense Minister Jeppe Bruus added that production outside Ukraine would increase Ukraine's combat power and provide safer supply chains for critical defense equipment.