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
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Global Shifts in War, Trade, Energy and Security Mark Major International Developments
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
Shopping Chatbots Move From Advice to Checkout as Walmart Pushes Faster Than Amazon
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
Putin’s Four-Year Ukraine Invasion Cost: Russia’s Mass Casualty Attrition and the Donbas Security-Guarantee Tradeoff
Storm-Triggered Landslide in Sicily Pushes Cliffside Homes to the Edge as Evacuations Continue
WhatsApp Develops New Meta AI Features to Enhance User Control
Germany Considers Gold Reserves Amidst Rising Tensions with the U.S.
×