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Serbia has exported approximately €800 million ($855 million) worth of ammunition to Ukraine through third-party intermediaries over a period of 2-3 years.

Likely Reported by 2 independent sources
Kyiv Independent Ukrinform

Two or more independent sources agree on the core facts. Additional sources would further strengthen this assessment.

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What each source reports. "Source tone" reflects the language used by the outlet — it is not an independent verification.

Kyiv Independent → Source tone: likely

Serbian ammunition worth $855 million has made its way indirectly to Ukraine via third parties over approximately 2-3 years.

Ukrinform → Source tone: likely

Serbia is increasing its sales of ammunition to the West, which subsequently finds its way to Ukraine through third countries. The amount of ammunition that Kyiv has received from Belgrade is approximately 800 million euros.

Ukrinform → Source tone: likely

The amount of ammunition exports from Serbia that have entered Ukraine since the beginning of the full-scale invasion through third parties is approximately 800 million euros.

Ukrinform → Source tone: certain

The figure was confirmed by Serbian President Aleksandar Vucic.

Ukrinform → Source tone: certain

Vucic presented the situation with arms exports as a business opportunity, insisting that he would not take sides in the Russian-Ukrainian war.

Ukrinform → Source tone: certain

He mentioned that while they export ammunition, they cannot export to Ukraine or Russia.

Ukrinform → Source tone: certain

He noted that even if he knew where the sold ammunition ended up, it was not his business.

Ukrinform → Source tone: certain

Asked whether the EUR 800 million export figure was correct, he said it was not for one year, but maybe for two or three years.

Ukrinform → Source tone: likely

According to the president, Serbian weapons are cheaper than Western ones, so the scale of ammunition exports from Serbia could increase.

Ukrinform → Source tone: certain

The country produces ammunition according to Soviet standards, which is still used by the Ukrainian Armed Forces.

Ukrinform → Source tone: certain

On 5 March last year, Serbian President Aleksandar Vucic said that his country had not transferred any Serbian weapons or ammunition to Ukraine or Russia.

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Extraction metadata

Extracted: 2026-03-22T23:57:39.248Z

Source story: ft-serbia-hints-its-artillery-shells-are-making-their-way-to-ukraine