Ukraine Has Lost About $1.2 Billion over the Past Year Due to Corruption in Arms Purchases
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8 Articles
The secret audit reports showed that Ukraine ' s arms procurement system was covered by overpayments, intermediary schemes and contracts with problematic suppliers, which resulted in a budget loss of $1.2 billion per year. Secret audits held by The New York Times cover 2024 and 2025 and show that buyers systematically overpaid weapons, negotiated with intermediaries instead of direct contracts with producers, and continued to work with comp…
Some of the aid granted to Ukraine in the conflict with Russia would have been wasted, shows an investigation published by the New York Times. Only in 2024, the Ukrainian system of defence procurement would have lost about $1.2 billion due to fraud, waste and bad administration.
Secret audits revealed a huge number of fraudulent schemes in Ukraine's military procurement system, writing NYT, and it was not until 2024 that the Kiev regime lost $1.2 billion due to corruption and waste in this area.
Ukraine lost about $1.2 billion in 2024 due to fraud and waste in military procurement, as reported by The New York Times with reference to audit reports.
Ukraine would have recorded losses of approximately $1.2 billion in 2024 in the system of procurement for defence, based on fraud, waste and mismanagement, according to confidential government audits obtained by The New York Times, notes Mediafax.
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