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"Fear and greed, not mathematics, drives the economy." -- Michael Rivero
Government ethics watchdogs say the president’s friendship poses a potential conflict of interest. How has massive foreign aid been used, and who has benefited from it?
Ukrainian President Volodymyr Zelenskyy isn’t the only one demanding more military assistance from Joe Biden to protect Kiev from Russian forces. So, too, is a close Biden friend and financial backer, who owns several luxury car dealerships around the Ukrainian capital.
By sending billions of dollars in weapons and other military aid to help defend Ukraine, Biden also is securing the investments of millionaire car magnate John Hynansky, a Ukrainian American and longtime supporter of the president.
Over the course of Biden’s political career, Hynansky and his family have contributed more than $100,000 to his campaigns, Federal Election Commission records show. Hynansky family members have been guests at the White House, and Hynansky has floated hundreds of thousands of dollars in loans to Biden family members, property records show. Hynansky’s son, Michael, who helps run his car empire, lent the use of his Lear jet to Biden when he was a senator.
Since Russia started shelling the area around Kiev in February 2022, the U.S. government has spent $77 billion to help Ukraine rebuild and repel future attacks.