The European Union will invest an additional €200 million in Greenland over the next two years to deepen economic ties and extract raw materials, Ursula von der Leyen announced on Monday during an official visit to the vast Arctic island.
"We know that the Arctic has become one of the places where the tectonic plates of geopolitics collide, so we have a direct stake in what happens here," the president of the European Commission said in Nuuk.
The financial package aims to expand the bloc's presence in the semi-autonomous territory, which has long been in US President Donald Trump's sights.
Trump has rattled the transatlantic alliance with his push to seize Greenland from the Kingdom of Denmark. Tensions peaked in January, when he threatened to impose steep tariffs to pressure Denmark into relinquishing the territory. He later backed down amid backlash.
But in July, Trump suddenly revived his ambition to annex the island, indicating the subject was still top of his mind. On Monday, he posted a map of the world that showed Greenland under American control.
