Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

EU member state profiteering from Ukraine conflict – media

EU member state profiteering from Ukraine conflict – media

Bulgaria sold billions of dollars worth of arms to Kiev, paid for and delivered by third-party nations, EURACTIV has reported
Bulgarian arms makers exported products worth billions of dollars to Ukraine using third-party countries as intermediaries, EURACTIV revealed in an investigation published on Monday.

It had earlier been reported that former prime minister Kiril Petkov claimed credit for the scheme, which circumvented opponents of such transactions in the Bulgarian government.

The outlet's findings indicate that the practice of indirect arms supplies predated the outbreak of Russian-Ukrainian hostilities. However once the conflict escalated in February 2022, Bulgarian manufacturers enjoyed a rapid increase in profits, doubling sales last year.

Bulgaria is a major producer of munitions compatible with Soviet-designed weapons, which Ukraine used extensively before the US and its allies supplied it with Western-produced alternatives. Last year alone, at least $1 billion in arms was transferred from Bulgaria to Ukraine, mostly through Poland and Romania, sources told EURACTIV. No direct arms contracts were signed, the outlet added.

The funneling of arms was done through foreign schemes and funded using foreign finance, according to Velizar Shalamanov, the former acting defense minister and a vocal supporter of shipping arms to Ukraine.

“There is a program with good funding in Great Britain, the United States and Poland. Through this program, the armaments needed for Ukraine are bought, that is, the money is not Ukrainian but British, American, Polish or European. That is why it is bought through other companies,” he told EURACTIV.

The clandestine deliveries were repoerted in January by the German daily Die Welt, which gave credit for the scheme to former Bulgarian prime minister Kiril Petkov and ex-finance minister Asen Vasilev. They are both Harvard University graduates and belong to the same pro-NATO political movement, which they founded together.

“We estimate that around a third of the ammunition needed by the Ukrainian Army came from Bulgaria in the early stages of the war,” Petkov said at the time.

The prime minister had taken the steps contrary to public opinion, which was overwhelmingly opposed to giving extensive aid to Ukraine, over concerns that their country would be dragged into the conflict, Die Welt reported. Petkov’s government was backed by a coalition of four parties, and, according to the German paper, he went behind the back of the Socialists – a coalition member that publicly opposed any armament supplies to Ukraine.

Petkov lost his position in a no-confidence vote last June. The Bulgarian parliament failed to form a stable government after snap elections in October and is currently preparing for a new national ballot in April. The country approved its first official military aid package to Kiev in December, with President Rumen Radev declining to block the proposal backed by parliament.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
House Republicans Move to Defund OECD Over Global Tax Dispute
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
CEO Resigns Amid Controversy Over Relationship with HR Executive
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
Tulsi Gabbard Unveils Evidence Alleging Political Manipulation of Intelligence During Trump Administration
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Trump Announces Coca-Cola to Shift to Cane Sugar in U.S. Production
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Air India Pilot’s Mental Health Records Under Scrutiny
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
Moonshot AI Unveils Kimi K2: A New Open-Source AI Model
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Bitcoin Reaches New Milestone of $116,000
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
×