After Trump tried to buy Greenland, US gives island $12M for economic development

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After Trump tried to buy Greenland, US gives island $12M for economic development
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The U.S. will provide a $12 million aid package to Greenland for economic development—raising eyebrows in Denmark, and firing off a volley in the emerging competition with Russia and China for power in the Arctic.

But with that melt, the Trump administration sees an important strategic opportunity, racing to push back on Russia's growing military presence in the Arctic and China's economic push into the region.

"This good news confirms that our work on building a constructive relationship with the United States is fruitful. It is positive that the increased cooperation between Greenland and the U.S. is reflected in tangible results in the form of funding for projects in Greenland," Greenlandic premier Kim Kielsen said in a statement Thursday.The U.S. will also open a consulate in Greenland later this summer, per the senior State Department official, for the first time since 1953. One U.S.

MORE: Pentagon warns about China's increased activity in the Arctic, growing ambition to expand its presence Importantly, after the 2019-2020 winter Arctic sea ice reached one of its lowest maximum extents, according to the U.S. National Snow and Ice Data Center, in its 42-year satellite record.

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