Pentagon made $3 billion accounting ‘error’ in Ukraine aid – Reuters

The US Department of Defense has discovered an accounting error that could result in more weapons, ammunition and equipment being available for Ukraine than was previously expected, Reuters reported on Thursday. The agency cited a Senate aide and a Pentagon official – both anonymous – who said that the US military had “overestimated the value” of some of its hardware that was sent to Kiev by “around $3 billion,” implying that less money has been spent on arming Ukraine than was previously calculated. The Pentagon used the current replacement costs for equipment taken from its stocks, rather than factoring in the original purchase price and depreciation, according to the agency’s source. The DOD is reportedly taking steps to notify Congress of the “accounting adjustment.”