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
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation
Spanish Prime Minister's Wife Ordered to Stand Trial as Corruption Probes Encircle Governing Party
Zelensky Faces Kyiv Protests Over Ousting of Dynamic Ukrainian Defense Minister
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Spain and UK Dismantle Gibraltar Border Following Landmark Schengen Integration Treaty
Hungary's "Puppet" President to Be Ousted, Orbán Fumes: "Democracy Is Dead"
Forget Tinder: The Surprising Platform Where People Find Love
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
The AI Invoice Shock: Layoffs Didn't Save Managers Money — They Cost Them More
Concern: Sexually Transmitted Bacterium Among Men Develops Antibiotic Resistance
Passenger Partially Pulled Out of Ryanair Jet After Cabin Window Fails Mid-Flight
Severe Heatwave Drives Dangerous Ground-Level Ozone Pollution Across Two Thirds of European Union
The Physical and Electronic Barriers Disrupting Domestic Wireless Networks
France and Morocco Open World Cup Quarter-Finals as Collina Defends Refereeing
×