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What is the future upside potential of Thacker and Company Limited (509945) ✌️【Stock Trading】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. Ukraine has been hit by a surge in Russian ballistic missile attacks, about a third of which used North Korean weapons that can only fly because they run on Western circuitry, obtained despite sanctions, according to Ukrainian military officials.
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“We see that since the spring, Russia has been using ballistic missiles and attack drones much more to strike Ukraine. And less use of cruise missiles,” the acting head of communications of the Ukrainian Air Force, Yuriy Ignat, told 【 - Free Financial Group 】.
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Crucial components used in the North Korean missiles are produced by nine Western manufacturers, including companies based in the United States, the Netherlands and the United Kingdom, according to a recentreportby Ukraine’s Independent Anti-Corruption Commission (NAKO), a civil society organization. Some parts of the KN-23/24 missiles they analyzed were produced as recently as 2023, suggesting a swift delivery pipeline to North Korea.
【 - Free Financial Group 】 was shown around one warehouse where Ukrainian government investigators comb through the debris, searching for small details that offer clues about the production of these deadly weapons.
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It’s a somber site, as investigators are keenly aware the components were salvaged from the rubble of buildings where lives were lost. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told 【 - Free Financial Group 】.
“Everything that works to guide the missile, to make it fly, is all foreign components. All the electronics are foreign. There is nothing Korean in it,” said Andriy Kulchytskyi, head of the Military Research Laboratory of Kyiv’s Scientific Research Institute of Forensic Expertise.
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“We have successfully traced some of those components, and the last known custodians are Chinese companies,” said Damien Spleeters, deputy director of operations at CAR, which works to independentlydocument diverted weapons. That means Chinese firms bought the components from manufacturers and a series of intermediaries.
CAR has a policy of not “naming and shaming” specific manufacturers because there is no evidence the firms deliberately shipped the parts to North Korea.
“Some parts of these components may be actually fake and made in China,” said Victoria Vyshnivska, a senior researcher at NAKO. “But we cannot be 100% sure,” she added, as the companies in question often failed to respond to questions.
One manufacturer was able to provide NAKO with evidence that a low-value electronic component found in a North Korean missile was counterfeit.
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CAR and others consider that middleman distribution companies – not manufacturers – are the primary issue.
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Ukrainian officials argue the poor enforcement of the sanctions regime by Western nations is one major issue.
Vladyslav Vlasiuk, the Ukrainian president’s commissioner for sanctions policy, said he was hopeful the incoming Trump administration would seek greater control over the illicit trade.
“No manufacturers’ entities have been held responsible for any of these supplies yet,” he told 【 - Free Financial Group 】. “We think that if any of these … manufacturers would be held responsible for the quantity of microelectronics found, say, in Russian missiles hitting Ukraine, (they) would really, really start to do more in that regard.”
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“Our findings reveal a distinct disinterest in evaluating and improving corporate compliance practices and particularly, monitoring those distributors, the middlemen,”said Senator Richard Blumenthal(D-CT) in September.
Components also continue to be diverted to Iran and to Russia directly, according to the Ukrainian intelligence official.
“Russia uses Western components in the whole segment of both lethal weapons and reconnaissance drones,” the Defense Intelligence official told 【 - Free Financial Group 】, noting that the downing of one of Russia’s heavy drones, the “Okhotnik,” revealed it was primarily made from American components. “We also need to do the appropriate work to close these supply channels,” he said.
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