In Arctic push, U.S. extends new economic aid package to Greenland

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Commodities13 minutes agone (Sep 15, 2021 04:02PM ET)

In Arctic push, U.S. extends caller   economical  assistance  bundle  to Greenland © Reuters.

By Jacob Gronholt-Pedersen

NUUK, Greenland (Reuters) - Greenland said connected Wednesday it had agreed a caller economical assistance bundle with the United States which seeks to boost ties the world's biggest land and fortify U.S. subject beingness successful the Arctic.

Washington has a subject basal connected Greenland but paid small attraction to the Arctic for 2 decades until 2019, erstwhile it began turning to the land to effort to antagonistic a Russian and Chinese commercialized and subject buildup successful the region.

The assistance bundle from USAid worthy $10 cardinal announced connected Wednesday is chiefly aimed astatine improvement of Greenland's mining sector, tourism and education.

"This is not a large amount, but symbolically it's precise important," the country's curate for manufacture and overseas affairs, Pele Broberg, told Reuters successful an interrogation successful the superior Nuuk.

The bundle comes connected apical of a $12.1 cardinal bundle announced by Washington past year, which drew immoderate disapproval from Copenhagen for creating part betwixt Greenland and Denmark.

Greenland, location to lone 57,000 radical but affluent successful earthy resources, is simply a erstwhile colony and present an autonomous Danish territory.

It gained planetary attraction successful 2019 erstwhile erstwhile President Donald Trump tried to bargain the island. Last year, the United States opened a consulate successful Greenland, wherever it for decades has had a subject basal that is captious to its ballistic rocket aboriginal informing system.

Greenland elected a caller authorities successful April that has pledged to halt a ample Chinese-backed uncommon world mining task due to the fact that it contains radioactive uranium. The task was seen arsenic a imaginable game-changer for the country's tiny economy.

"It has immoderate ripple effects to accidental nary to uranium mining, but we deliberation determination are different areas that tin beryllium developed, and that is what we volition look into with the Americans," said Broberg of a tiny pro-independence party.

With an system heavy dependant connected fishing, the land relies connected yearly grants of astir $600 cardinal from Denmark. However, immoderate spot the narration with Denmark arsenic an obstacle to economical development.

"We don't get the enactment from Denmark we request to beryllium capable to thrive. So present we effort to spell our ain ways, without Denmark, and we're starting small," Broberg said.

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