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Ukraine lost over US$1 billion on defence procurement in one year – NYT

Ukraine–Russia
NEWS SUMMARY
Ukraine lost approximately US$1.2 billion in 2024 due to fraud, waste, and mismanagement in defense procurement, with contracts awarded to unreliable suppliers despite ongoing investigations and arrests. The New York Times reported that audit findings reveal disregarded warning signs, overcharging, and failures to deliver, with some companies securing deals without proven capability or licenses.
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Ukraine lost around US$1. 2 billion in 2024 due to fraud, waste and mismanagement in defence procurement, while contracts continued to go to unreliable suppliers, NYT reports.

Ukraine lost over US$1 billion on defence procurement in one year – NYT
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