30 July 2024

The Financial Case for Ukraine

Jeremiah Monk

Several politicians have recently claimed that the billions of dollars the US has given to support Ukraine are wasteful. Since the Russian invasion in February 2022, the US has contributed approximately $175 billion dollars to the defense of Ukraine.[i] $175 billion is a lot of money to just give away, especially at the expense of all the domestic needs that will go unfunded.

In defense spending terms, however, $175 may actually be a strategic bargain. For comparison note that the Navy’s newest aircraft carrier, the U.S.S. Gerald R. Ford, cost $13 billion to build, and has a total program price tag of $120 billion.[ii] Including the air wing the carrier will support, the Ford makes for a suitable yardstick for a rough comparison.

One can argue production and maintenance of the Ford equates to American jobs and is therefore an investment back into America. This is true. But the same goes for the vast majority of US investment in Ukraine. HIMARS missiles are built in Camden, Arkansas. 105mm shells are produced in Scranton, Pennsylvania and F-16s are made in Greenville, South Carolina. Of the nearly $70 billion of hardware given to Ukraine, approximately 90% actually goes to American companies and American jobs.[iii]


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