EU Set to Announce €200 Million Greenland Aid Package, Financial Times Reports

Ursula von der Leyen is expected to arrive in Greenland this weekend with a proposed €200 million European Union funding package, according to the Financial Times.

The European Commission president is expected to announce the program during her visit to the Arctic island. The funding would cover 2026 and 2027, two European officials familiar with the trip told the Financial Times.

The money would go toward critical raw materials, renewable energy, undersea cables, satellite connections and data centers. One of the officials said part of the package would also be provided to Greenland’s government to improve public administration.

The new funding would come on top of €225 million already allocated to Greenland under the EU’s common budget for 2021 to 2027. Greenland, which has about 57,000 inhabitants, is an autonomous part of the Kingdom of Denmark.

Von der Leyen is also expected to sign a declaration aimed at strengthening economic ties between the EU and Greenland. Brussels is seeking closer links with the territory as it increases political support amid repeated annexation threats from U.S. President Donald Trump.

The visit follows a referendum defeat for the “no” side in Iceland, which the report presents as another reason for the EU to demonstrate that it remains active in the North Atlantic.