Ukraine Has Lost About $1.2 Billion over the Past Year Due to Corruption in Arms Purchases
25 Articles
25 Articles
The extent of rampant military corruption in Ukraine, which has been at war with Russia for over four and a half years, has been revealed once again. The New York Times reported on the 6th, citing government audit data, that Ukraine suffered a loss of $1.2 billion (approximately 1.6 trillion won) in 2024 alone due to corruption, including fraud and irregularities related to military procurement.
The New York Times reports that a journalistic investigation into Ukraine's supply has been completed, and according to NYT, Ukraine's military supply system has been affected by large-scale fraud, waste and mismanagement during the war.
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…
In 2024 alone, Ukraine lost about $1.2 billion due to fraud, waste and mismanagement in defence procurement.
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