Serbia has exported approximately €800 million ($855 million) worth of ammunition to Ukraine through third-party intermediaries over a period of 2-3 years.
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Serbian ammunition worth $855 million has made its way indirectly to Ukraine via third parties over approximately 2-3 years.
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.
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.
The figure was confirmed by Serbian President Aleksandar Vucic.
Vucic presented the situation with arms exports as a business opportunity, insisting that he would not take sides in the Russian-Ukrainian war.
He mentioned that while they export ammunition, they cannot export to Ukraine or Russia.
He noted that even if he knew where the sold ammunition ended up, it was not his business.
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.
According to the president, Serbian weapons are cheaper than Western ones, so the scale of ammunition exports from Serbia could increase.
The country produces ammunition according to Soviet standards, which is still used by the Ukrainian Armed Forces.
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