EU to Grant Greenland €200M as Arctic Influence Competition Intensifies

EU Commission President von der Leyen is set to announce a €200 million financing package for Greenland, signaling a strategic push to counter US and Chinese influence in the Arctic. The move follows recent US interest in acquiring Greenland and underscores the region's growing geopolitical importance. The package likely aims to bolster EU presence and secure access to critical minerals and shipping routes.