The European Commission will invest €200m (about $232m) in Greenland to develop
critical minerals, renewable energy and satellite communications, EU Commission
President von der Leyen announced in Nuuk. The funding is intended to deepen
ties with Denmark’s semi‑autonomous territory amid rising geopolitical
Competition as Greenland’s ice melt opens new shipping routes. The announcement
follows US interest heightened in the island after President Trump said
Greenland should belong to the United States. The EU will publish a new Arctic
strategy on Oct. 20 that will redefine the area as the 'northern neighbourhood'
rather than the 'High North'.