Ukraine lost $1.2 bn to defense fraud and waste in one year – NYT

Ukraine lost around $1.2 billion to fraud, waste and mismanagement in military procurement in 2024 alone, the New York Times has reported, citing confidential government audits and court records.

Seven of the country's ten largest military contractors continued to receive new orders despite fraud investigations, previous failures to deliver, or the arrest of executives on corruption charges, the paper wrote on Sunday, describing the pattern as a "persistent phenomenon."