How Ukraine Lost Hundreds of Millions of Dollars that It Paid for Missing Weapons or that It Never Reached the Front

According to a report, Ukraine has been cheated several times since 2022 when it bought weapons, with over 700 million dollars lost.

A financial Times study based on state documents, court records and ten interviews with Kiev officials, detectives, traders and arms producers revealed how Ukraine lost hundreds of millions of dollars paid to...

According to a Financial Times investigation, Ukraine has reportedly lost almost $800 million in arms orders that have never been honoured or arrived in bad condition.

While Ukraine continues to fight for its survival in the face of the Russian offensive, a new scandal has shaken the country: according to a Financial Times investigation, relayed by Paris Match, almost $800 million for the purchase of weapons would have been volatilized in fraudulent or unhonoured contracts. Since the beginning of the war, Ukraine has been trying to rebuild its stockpiles of ammunition and weapons, while modernizing its equipme…

This was reported by MP Yaroslav Zheleznyak.He noted that he had previously estimated a hole in the budget of UAH 200 billion, but now admits that he was too optimistic.According to the MP, the government has already begun to spend funds that were planned for the end of the year, in particular on salaries of military personnel in November-December. This money is redirected to the purchase of weapons, which creates holes in the budget, which late…

Has Ukraine lost more than $700 million in arms contracts?© Hannes P Albert/picture alliance/Getty Images According to a Financial Times investigation, Ukraine has lost almost $800 million in weapons orders that have never been honoured or arrived in poor condition.