Defense Ministry wins arbitrations for more than UAH 900 mln

KYIV. Dec 14 (Interfax-Ukraine) – During 100 days of work of the new team, since September 2023, the Ministry of Defense of Ukraine has won five international arbitrations with foreign suppliers in the amount of more than UAH 900 million, the press service of the Ministry reports.

“Disputes arose due to non-delivery of property, violation of its delivery dates and the quality of the goods themselves. The international arbitration ruled to recover in favor of the Ministry of Defense from unscrupulous foreign suppliers $7 million and EUR 16 million. The court also ruled that annual interest continues to accrue daily until the supplier pays its debt to the Ministry of Defense of Ukraine,” the Telegram channel says.

In addition, under two contracts, the Ministry of Justice of Ukraine filed lawsuits in Swiss arbitration in the amount of $33 million. The preparation of these claims was carried out by the Ministry of Justice together with the Legal Service of the Ministry of Defense of Ukraine.

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