Biden Admin Can’t Account for $20 Billion in Aid to Ukraine
Since the war started, the US has sent more than $5o billion to Ukraine. Where has the money gone? We really don’t have any idea.
But we did get a clue recently with the fall of FTX. We learned that Ukraine was “investing” in FTX with money the US sent to Ukraine.
This morning, according to FOX News:
Biden’s administration is scrambling to track the nearly $20 billion in military aid it has sent to Ukraine as Republicans warn of impending audits when they take control of the House in January.
Likely future House Speaker Kevin McCarthy has said his party will not be giving Ukraine a “blank check” to fend off Russia’s invasion. A potential audit would determine how much, if any, of the U.S. aid is ending up in the wrong hands. The Biden administration’s previous tracking efforts have inspected only a fraction of the aid provided to the country.
The Republican push to ramp up oversight enjoys some bipartisan support in Congress. Some staunch Ukraine allies fear the party will cut off aid to the country entirely, however.