The European Union is expected to announce a €200 million funding package for Greenland as Brussels steps up its economic engagement in the Arctic, the Financial Times reported on Friday. European Commission President Ursula von der Leyen is expected to announce the package during a weekend visit to Nuuk. The money, covering 2026 and 2027, would support undersea cable infrastructure, critical raw materials, satellite links, data centers and renewable energy. The package would come on top of €225 million already allocated to Greenland under the EU’s 2021–2027 budget framework. The move comes amid heightened strategic competition in the Arctic and repeated calls by US President Donald Trump for Washington to gain control of Greenland. It also follows Iceland’s August 29 referendum, in which voters rejected reopening EU accession talks by 52.8% to 47.2%.
