Russian President Vladimir Putin said on Wednesday that the ownership dispute between the United States and Denmark over Greenland is not a matter of concern for Russia. Speaking at a meeting of Russia’s Security Council, he stated that the issue should be resolved bilaterally between the two nations. Referring to historical land transfers, Putin estimated Greenland’s potential sale value at around $1 billion.

Putin criticized Denmark’s historical governance of Greenland, describing it as colonial and harsh toward local residents. He also noted that Russia would not object to US pressure regarding Greenland, citing past examples of territorial sales such as Russia’s sale of Alaska to the US in 1867 and Denmark’s sale of the Virgin Islands in 1917. Meanwhile, US President Donald Trump’s interest in acquiring Greenland has strained transatlantic relations, though he ruled out tariffs or military action during a speech in Davos.

Residents of Greenland reportedly welcomed Trump’s assurance against military use, while Russia remains displeased with Denmark’s military and financial support for Ukraine since 2022. Russian Foreign Minister Sergey Lavrov added that Greenland is not naturally or historically an inseparable part of Denmark.