How Ukraine lost hundreds of millions on arms deals gone wrong

A report reveals that Ukraine has been cheated several times since 2022 when buying weapons. A good 700 million dollars have disappeared.

Ukraine has lost hundreds of millions of dollars in failed arms deals: Report

Ukraine has lost hundreds of millions of dollars in botched arms purchases, says a report by the Financial Times newspaper.

Since the beginning of the full-scale invasion of the Russian Federation, Ukraine has paid in advance about $770 million to foreign suppliers for weapons and ammunition that were never delivered.

How Ukraine lost hundreds of millions on arms deals gone wrong

Desperate to source munitions, Kyiv paid foreign brokers for weapons and shells that were sometimes unusable or never arrived

So far, it is known that Ukraine has spent about $770 million on weapons, but the deal did not go as planned.

Since 2022, Ukraine has contributed more than $770 million to foreign intermediaries to buy weapons that have never arrived. An investigation by the Financial Times reveals the extent of these abuses.