Peder Lundquist
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Denmark to guarantee $112.6 million loan for Ukrainian Fire Point rocket-fuel plant
Denmark's government announced on 21 October that it will back a roughly 750-million-kroner (about $112.6 million) loan from the Danish Export and Investment Fund (EIFO) to a Danish subsidiary of Ukrainian missile-fuel manufacturer Fire Point. The loan will finance a solid rocket-fuel plant under construction in Southern Jutland that is scheduled to open by the end of 2027, and will supply fuel for long-range missiles as well as components for the Freyja air-defence project, which is intended to offer Ukraine a homegrown alternative to the US Patriot system. Danish Defence Minister Jeppe Bruus said locating production abroad helps protect critical supply chains from Russian attacks.