Military aid, including weapons and ammunition, sent by the United States to Ukraine was overestimated by at least $3 billion owing to an accounting mistake by the Pentagon, Defense Department officials have said.
“During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine,” said Pentagon deputy press secretary Sabrina Singh in an emailed statement to Axios on May 18.
Singh said the mistake was made owing to the Pentagon inadvertently using a higher value cost, or a replacement cost, instead of the weaponry’s value when it was purchased and depreciated when it came to estimating the value of some military equipment taken from U.S. stocks and sent to Ukraine….