EU to invest €200 million in Greenland as Trump circles
The money will help develop critical minerals, renewable energy and satellite communications.
The European Union is set to invest €200 million ($232 million) in Greenland, as part of its efforts to strengthen ties with the island nation and counter U.S. President Donald Trump's claims of sovereignty. European Commission President Ursula von der Leyen unveiled the funds during a two-day visit to Greenland's capital, Nuuk, highlighting the EU's support for the semiautonomous territory of Denmark.
The investment will focus on developing critical minerals, renewable energy, and satellite communications. Von der Leyen emphasized the EU's commitment to bolstering the relationship between Greenland and the bloc during a press conference, alongside Danish Prime Minister Mette Frederiksen and Greenlandic leader Jens-Frederik Nielsen.
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