In brief
Ukraine's Defence Ministry is starting cooperation with the Bureau of Economic Security to identify procurement risks before contracts are signed. Planned checks will examine prices and suppliers' ultimate owners to help prevent losses of public funds.
Ukraine's Defence Ministry will share information on potential procurement violations with the Bureau of Economic Security, RBC-Ukraine reported, citing a post by Deputy Defence Minister Mstyslav Banik.
At the ministry's request, bureau analysts will examine market price offers, check the ultimate beneficial owners of companies bidding for or winning contracts, and assess potential risks. The ministry will provide documents and other information for the analysis.
The cooperation also envisages rapid data exchanges and improvements to risk management. The agencies plan to develop broader changes to how defence procurement is planned and conducted. Banik said the aim was to build a fuller picture of each purchase and identify financial and corruption violations in time; RBC-Ukraine's report did not name specific contracts or companies to be checked.
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