“When Russian troops invaded Ukraine, Kyiv’s Western allies faced a dilemma: how to spend billions supporting a government fighting Russia without watching the money vanish into the pockets of corrupt managers and government officials,” the New York Times reports.
“The stakes were high because Ukraine’s vital wartime industries — power distribution, weapons purchases and nuclear energy — were controlled by state-owned companies that have long served as piggy banks for the country’s elite.”
“To protect their money, the United States and European nations insisted on oversight. They required Ukraine to allow groups of outside experts, known as supervisory boards, to monitor spending, appoint executives and prevent corruption.”
“Over the past four years, a New York Times investigation found, the Ukrainian government systematically sabotaged that oversight, allowing graft to flourish.”
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