Sputnik International by Oleg Burunov
The US Federal Reserve is currently struggling to tackle the country’s soaring inflation, which started reaching heights not seen for decades in November 2021.
US Deputy Assistant Secretary of State for European and Eurasian Affairs Dereck Hogan has pledged that over “the next four to five months”, the Biden administration will allocate about $1.5 billion monthly for support of the Ukrainian government, in a statement that comes as inflation has shown no sign of easing in America.
Speaking at a conference of the Washington-based Wilson Centre think tank on Monday, Hogan said that since the beginning of Russia’s special military operation in Ukraine on 24 February, around $53.6 billion in assistance, including military aid, has been allocated to Kiev by the White House.
Apart from the economic hardships the US is going through, with inflation and average gas prices reaching new record highs, the vow comes on the heels of renewed concerns that the American money might be “diverted” or “stolen”. Last month, Republican Senator Rand Paul called for fiscal accountability on the money, arguing that “unless we put an end to the fiscal insanity, a day of reckoning awaits” the US…
