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Despite its autonomy, it’s important to note that about 20% of Greenland's economy, which totals around $3 billion, relies on subsidies from Denmark. This economic dependence raises questions about the potential ramifications if Greenland were to either continue its quest for independence or enhance its partnerships with other countries.
The Geopolitical Landscape
Greenland's geographic positioning creates a significant advantage in terms of military strategy and national security. The island's location between the United States and Russia allows for control over critical shipping routes in the Arctic. The so-called "GIUK gap" (Greenland, Iceland, United Kingdom) plays a key role in regulating the movement of Russian submarines and vessels seeking to enter the Atlantic Ocean.