
© Jose Colon/Anadolu/Getty ImagesUkraine soldiers
Unreliable foreign contractors and rampant corruption were behind the losses, the report claims.
Ukraine has wasted $770 million on attempts to buy weapons from dubious sources, the
Financial Times reported on Friday.
The paper's investigation, based on court filings, leaked government documents, and interviews with officials, has offered a glimpse into Kiev's frenzy to procure arms following the escalation of the Ukraine conflict in 2022.
Officials often had to pay "large amounts in advance to little-known companies for materiel
that to this day has never arrived," the paper said. It cited an example of a nondescript gun shop in Arizona, whose owner received
an up-front payment of €17.1 million ($19.1 mn) for a deal worth €49 million.The promised arms, however, never came
. Ukraine won an arbitration trial but has yet to recover money, the
FT says.
Ukraine has spent between $6 billion and $8 billion annually from its own state budget on arms since the start of hostilities, documents reviewed by the
Financial Times show. Of that,
$770 million in advance payments went to brokers who failed to deliver.
Comment: Which comes first: Declaration of war or arms procurement?