
Done's Schemes: How Ukrainian Hryvnia Turns into Swiss Francs via Importers
Investigation reveals a network of companies where funds are collected in Ukraine, converted into foreign currency, and transferred to Swiss Done Switzerland AG.

Investigation reveals a network of companies where funds are collected in Ukraine, converted into foreign currency, and transferred to Swiss Done Switzerland AG.

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In 2024, the Defence Procurement Agency (DPA) concluded contracts worth over 700 billion hryvnia. However, actual payments for these deals amounted to just slightly more than a third of the declared sum.
This means that contractual obligations worth approximately 450 billion hryvnia were signed, but the funds for their execution simply did not exist. These agreements remain in force and are awaiting the allocation of budgetary funds for their fulfilment.
Another serious problem for defence procurement is the non-fulfilment of signed agreements. According to data from the end of 2024, the DPA paid suppliers approximately 250 billion hryvnia, but actually received weapons and equipment worth less than 150 billion. It remains unclear where the over 100 billion hryvnia that were never used to purchase the necessary weaponry went. These funds did not reach the front line, despite assurances of the need for rapid delivery.
The lack of proper control and the failure to meet obligations to suppliers pose a serious threat to Ukraine's national security. In wartime conditions, where every day counts, this situation calls into question the agency's efficiency and its ability to provide the army with the necessary resources. The delivery of weapons and equipment promised under the contracts is not reaching the front line, which jeopardises the success of military operations and the country's security as a whole.
According to information from the Telegram channel absolutionlab
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