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Pentagon reveals it overestimated value of weapons it has sent to Ukraine by $6.2 billion, leaves people unimpressed

Pentagon

  • The Pentagon has revealed an overestimation of $6.2 billion in the value of weapons sent to Ukraine
  • The accounting error, double the initial estimate, resulted from using replacement costs instead of book value
  • Skepticism arises regarding the accuracy of aid tracking and the effectiveness of assistance provided to Ukraine

Written by:Rohit
Published: June 21, 2023 09:55:43

The Pentagon has revealed that it overestimated the value of weapons sent to Ukraine by $6.2 billion over the past two years, which has left many unimpressed. The accounting error, which is about double the initial estimates, resulted from the use of replacement costs instead of the book value of equipment. Despite the surplus, the additional funds will be utilized for future security packages.

According to Pentagon spokeswoman Sabrina Singh, a detailed review identified the accounting error, with $3.6 billion miscalculated in the current fiscal year and $2.6 billion in the previous fiscal year. The surplus will now be added to the allocated funds for future Pentagon stock drawdowns, providing additional support to Ukraine in its counteroffensive against Russia.

As Ukraine progresses with its counteroffensive, it faces challenges such as heavily mined terrain and reinforced defensive fortifications. Additionally, Russia has launched an assault using Shahed exploding drones, which revealed weaknesses in Ukraine’s air protection. However, Ukrainian air defenses successfully downed a significant number of these drones.

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The revised calculation indicates that the U.S. has provided less than previously estimated in aid to Ukraine, raising questions about the accuracy of tracking and ensuring proper use of the assistance.

Reactions to the revelation vary, with some speculating that defense contractors may have benefited from inflated valuations, while others express skepticism and criticize the military’s lack of financial transparency.

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