Tag

Arms Procurement

All articles tagged with #arms procurement

corruption-international-politics1 year ago•1 min saved

"Ukraine's Multi-Million Dollar Defense Corruption Scandals Uncovered"

Ukraine's main intelligence and security agency uncovered a $40 million embezzlement scheme involving fraudulent arms procurement, implicating current and former senior officials of the defence ministry and heads of affiliated companies. The scheme involved the purchase of 100,000 mortar rounds for the Armed Forces, with the funds being transferred to a foreign commercial entity that never delivered the ammunition. The stolen funds have been seized, and one suspect has been detained, as Ukraine continues to grapple with corruption scandals within its defence ministry.

via Barron's|

#arms-procurement #corruption #corruption-international-politics

international-affairs2 years ago•6 min saved

Ukraine's Failed Weapon Procurement: Bought but Undelivered or Unusable.

Ukraine has paid over $800 million to arms suppliers for contracts that have gone unfulfilled or only partially fulfilled since the Russian invasion in February 2022. Western allies have sent Ukraine tens of billions of dollars worth of weapons, but some of the equipment has been too decrepit to use and needed extensive overhauls. As much as 30% of Ukraine's arsenal is under repair at any given time, which is a high rate for a military that needs every weapon it can get for its developing counteroffensive.

via Yahoo News|

#arms-procurement #broken-equipment #international-affairs