Estonia Minister Quits After €70 Million Ukraine Shell Deal Involving Indian Firm The recent resignation of Estonia's defense minister, Hanno Pevkur, over a contentious arms deal involving Indian firm Neco Defence Munitions has sparked concerns worldwide.
The €70 million contract to supply artillery shells to Ukraine using EU funds is a textbook example of how not to conduct international defense procurement.
Estonia's decision to pay the full amount upfront for the shells without verifying Neco Defence Munitions' experience in manufacturing ammunition raises red flags about haste and poor due diligence.