The EU funds allocated for Greenland, the Arctic island at the center of geopolitical tensions with the United States, and other overseas territories are set to double under long-term budget plans unveiled by Brussels on Wednesday.

The funding increase was part of a series of additional spending proposals submitted by the European Commission for the bloc's 2028-2034 budget, most of which was introduced in July.

Under the proposal, Greenland would receive 530 million euros ($618 million) in support, more than double the amount allocated to the autonomous Danish territory under the current budget, the commission said.

In total, nearly one billion euros will be allocated to the 13 overseas countries and territories (OCTs) linked to the European Union, such as the Dutch Caribbean island of Aruba and French Polynesia.

"OCTs are of high geopolitical and strategic importance to the EU, as they play a vital role as critical outposts of the Union in their geographical areas," the commission said in a statement.

Since returning to the White House in January, U.S. President Donald Trump has repeatedly stated that the United States needs strategically located, resource-rich Greenland for security reasons and has refused to rule out using force to secure it.

Both Denmark and Greenland have insisted that the island is not for sale and that it will determine its own future.

Like the rest of the EU budget, the proposal is subject to negotiations with the EU's 27 member states and lawmakers in Brussels.

In July, the commission unveiled a budget boosted to two trillion euros focused on countering overseas competition and Russian aggression – setting the stage for two years of challenging negotiations.