Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Sweden and Denmark to jointly buy air defence systems for Ukraine

Sweden and Denmark to jointly buy air defence systems for Ukraine

Published by Global Banking and Finance Review

Posted on February 3, 2026

2 min read

Last updated: February 3, 2026

Sweden and Denmark to jointly buy air defence systems for Ukraine - Finance news and analysis from Global Banking & Finance Review

Tags:international cooperation Funding

Quick Summary

Sweden and Denmark will jointly supply Ukraine with air defence systems worth $290 million to bolster its military against Russian attacks.

Sweden and Denmark Collaborate on Air Defence Systems for Ukraine

Joint Procurement of Air Defence Systems

STOCKHOLM, Feb 3 (Reuters) - Sweden and Denmark will jointly procure and supply Ukraine with air defence systems worth 2.6 billion Swedish crowns ($290 million) to help it ward off Russian attacks, the countries' defence ministers said on Tuesday.

Funding and Contributions

Sweden will fund 2.1 billion crowns of the purchase of Tridon air defence systems, developed by BAE Systems Bofors, the Swedish arm of the defence material group, while Denmark will contribute about 500 million crowns, Swedish Defence Minister Pal Jonson said.

Strategic Importance

"This means that Ukraine can develop an air defence battalion if they so wish," he told a joint press conference in Gothenburg, Sweden, with his Danish counterpart Troels Lund Poulsen.

Support for Ukraine

"The purchase doesn't just support Ukraine on the battlefield with more material, but also strengthens our production capacity in Sweden."

Sweden and Denmark have for years been some of the staunchest backers of Ukraine, supplying military and humanitarian support since the early days of Russia's invasion of its neighbour.

($1 = 8.9564 Swedish crowns)

(Reporting by Niklas Pollard in Stockholm and Soren Jeppesen, Louise Rasmussen in Copenhagen)

Key Takeaways

•Sweden and Denmark to supply Ukraine with air defence systems.
•The deal is worth 2.6 billion Swedish crowns.
•Sweden funds 2.1 billion crowns, Denmark 500 million crowns.
•The systems are developed by BAE Systems Bofors.
•This strengthens Ukraine's defence against Russian attacks.

Frequently Asked Questions about Sweden and Denmark to jointly buy air defence systems for Ukraine

1What is military support?

Military support refers to assistance provided by one country to another, which can include financial aid, equipment, training, or personnel to enhance the recipient's defense capabilities.

2What are defense systems?

Defense systems are military technologies and equipment designed to protect a nation from threats, including air defense systems that intercept and destroy incoming missiles or aircraft.

3What is international cooperation?

International cooperation involves countries working together towards common goals, such as security, economic development, and humanitarian assistance, often through treaties and joint initiatives.

Joint Procurement of Air Defence Systems

Funding and Contributions

Strategic Importance

"This means that Ukraine can develop an air defence battalion if they so wish," he told a joint press conference in Gothenburg, Sweden, with his Danish counterpart Troels Lund Poulsen.

Support for Ukraine

"The purchase doesn't just support Ukraine on the battlefield with more material, but also strengthens our production capacity in Sweden."

Sweden and Denmark have for years been some of the staunchest backers of Ukraine, supplying military and humanitarian support since the early days of Russia's invasion of its neighbour.

($1 = 8.9564 Swedish crowns)

(Reporting by Niklas Pollard in Stockholm and Soren Jeppesen, Louise Rasmussen in Copenhagen)

Frequently Asked Questions

1What is military support?

Military support refers to assistance provided by one country to another, which can include financial aid, equipment, training, or personnel to enhance the recipient's defense capabilities.

2What are defense systems?

Defense systems are military technologies and equipment designed to protect a nation from threats, including air defense systems that intercept and destroy incoming missiles or aircraft.

3What is international cooperation?

International cooperation involves countries working together towards common goals, such as security, economic development, and humanitarian assistance, often through treaties and joint initiatives.