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Weapons of Mass Destruction (WMD)

Kiev's Loss From Ending Military Deals With Moscow Estimated at $2.2Bln

Sputnik News

09:47 09.02.2016(updated 13:41 09.02.2016)

Russian Deputy Prime Minister Dmitry Rogozin estimated Ukraine's losses from terminating contracts in the space and military spheres with Russia are 12 times higher than the International Monetary Fund's (IMF) projections.

MOSCOW (Sputnik) – On Monday, the IMF said in a report that the Ukrainian Space Agency potentially lost about 80 percent of its revenue in 2014 after contracts cancellation, or some $180 million at the exchange rates at the time.

'It's cowardly to understate figures of losses. In reality, it is 12 times more,' Rogozin wrote on his official Facebook page on Monday.

The Russian deputy prime minister explained that Ukraine's gas turbine construction complex Zorya-Mashproekt alone lost $750 million for terminating its contract with Moscow.

In June 2014, Ukraine's President Petro Poroshenko halted all military sales to Russia.

The relationship between Kiev and Moscow soured in 2014 following Crimea's reunification with Russia and beginning of a military conflict in Ukraine's eastern regions of Donetsk and Luhansk.


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