Brings total cost of improperly valued weapons and equipment to $8.2 billion Pentagon Finds Another $2 Billion in Ukraine Aid ‘Accounting Errors’ Brings total cost of improperly valued weapons and equipment to $8.2 billion by Connor Freeman July 26, 2024 at 2:35 pm ET Categories News
The Pentagon discovered $2 billion in additional accounting errors regarding its valuation of missiles, ammo, and other equipment provided to Kiev, a Government Accountability Office (GAO) report found on Thursday. The Defense Department made a similar claim last year, saying it availed Washington of $6.2 billion in weapons to fuel the Ukraine proxy war with Russia.
This latest report brings the improperly valued military material to a total of $8.2 billion, with the error said to be a result of unclear accounting definitions. In June 2023, the Pentagon insisted that weapons shipped to Ukraine from US military stockpiles, under the Presidential Drawdown Authority (PDA), over the past two years were overvalued using the “replacement value” of the arms as opposed to the “depreciated value.” This bought the White House some time to continue sending weapons to Kiev after much of the US funding then allocated for the war had dried up.
In April, Congress passed and President Joe Biden signed into law a massive $95 billion foreign military aid supplemental which included $61 billion to keep the Ukraine war going. This is despite Kiev’s inability to win the war or reclaim significant territory already seized by Russia.