European Commission President Ursula von der Leyen unveiled a 200 million euro ($232 million) investment package for Greenland on Monday, aiming to strengthen economic and strategic ties with the Danish Arctic territory amid renewed interest and territorial claims from Washington.

During a visit to Nuuk alongside Greenlandic Prime Minister Jens-Frederik Nielsen and Danish Prime Minister Mette Frederiksen, von der Leyen reaffirmed the bloc’s solidarity, declaring that “Greenland can count on the EU”. The signing of the joint declaration comes as Brussels seeks to expand its footprint in the Arctic, targeting critical sectors such as clean energy, digital connectivity, satellite communications, and sustainable mining of critical raw materials.

The two-year funding commitment signals a broader strategy to support Greenland’s economic self-reliance while securing vital supply chains for European industries. EU officials emphasized that the future of the autonomous territory rests entirely with the people of Greenland and Denmark. The move also aligns with a series of joint Arctic security exercises conducted by NATO allies in the region, reflecting growing international focus on Arctic stability and resource management.