Bye, bye Kiev, hello Cote D'Azur: As Westerners send aid, here's how Ukraine's corrupt elites are profiting from the conflict

The sympathy of Westerners towards a country at war is understandable. But while some countries are doing their upmost to aid Ukraine – even while facing an economic crisis themselves – corrupt Ukrainian officials are using the funding to amass personal fortunes and live the high life at fancy resorts. And all at the expense of taxpayers in the West.

In 2015, Arseniy Yatsenyuk, upon leaving the post of the Prime Minister of Ukraine, openly declared that he had become a billionaire. It is yet to be seen how many new Ukrainian super rich tycoons – nurtured by foreign military aid – will appear in the West by the end of the conflict

Officials and oligarchs have diverted much of the financial support sent to Kiev

Since the beginning of Russia's military offensive in Ukraine, the United States, the European Union – and their allies – have provided Kiev with $126 billion worth of aid, a number almost equal to the country's entire GDP. Moreover, millions of Ukrainians have found refuge in the EU where they were given housing, food, work permits, and emotional support. The scope is huge, even by western standards. Considering that the bloc has been funding Kiev while coping with an economic and energy crisis of its own, the assistance is perhaps especially notable. 

Kiev bases its endless funding requests on the collapse of its economy, due to the war, and its need to “resist Russian aggression.” But is the aid reaching its intended destination?

 

The Monaco Battalion

While Ukraine has undergone a general mobilization affecting all men under the age of 60, many former and current high-ranking officials, politicians, businessmen, and oligarchs have moved to safety abroad - mainly to the EU. 

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