September 24, 2021
Economy

In Arctic push, US extends new economic aid package to Greenland

NUUK, Greenland, Sept 15 (Reuters) – Greenland said on Wednesday it had agreed a new economic aid package with the United States which seeks to boost ties the world’s biggest island and strengthen U.S. military presence in the Arctic.

Washington has a military base on Greenland but paid little attention to the Arctic for two decades until 2019, when it began turning to the island to try to counter a Russian and Chinese commercial and military buildup in the region.

The aid package from USAid worth $10 million announced on Wednesday is primarily aimed at development of Greenland’s mining sector, tourism and education.

“This is not a big amount, but symbolically it’s very important,” the country’s minister for industry and foreign affairs, Pele Broberg, told Reuters in an interview in the capital Nuuk.

The package comes on top of a $12.1 million package announced by Washington last year,…

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