Pentagon error said to overvalue Ukraine arms aid by $3bn
1 year, 7 months ago

Pentagon error said to overvalue Ukraine arms aid by $3bn

Al Jazeera  

Accounting error could mean more funds are available for Ukraine military aid as a counteroffensive against Russian forces nears. The US Department of Defense overestimated the value of weapons and other military equipment provided to Ukraine by approximately $3bn, officials said, an error in accounting that may lead the way for more arms being sent to Kyiv. In many of the military aid packages sent to Ukraine, the defence department opted to draw from existing US stockpiles of older, existing items because it should ship them more quickly, officials said. In some cases, ‘replacement cost’ rather than ‘net book value’ was used, therefore overestimating the value of the equipment drawn down from US stocks,” Pentagon spokeswoman Sabrina Singh said on Thursday. “The Department of Defense’s change in evaluating the costs of arms sent to Ukraine is a major mistake,” said US Senator Roger Wicker, the top Republican on the Senate Armed Services Committee.

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