The United States has discovered that it overestimated the value of weapons sent to Ukraine by $6.2 billion over the past two years, according to an audit. This figure is roughly double the initial estimates, as revealed by Deputy Pentagon Press Secretary Sabrina Singh during a press briefing on Tuesday.
Weapons Sent to Ukraine Overestimated by $6.2bn
Singh explained that “inconsistencies” were identified in the valuations of weapons dispatched from the US since Russia’s full-scale invasion of Ukraine in 2022. The valuation errors occurred because replacement costs were utilized instead of the net book value, resulting in an inflated estimation of the equipment drawn down from US stocks and provided to Ukraine.
The combined miscalculation of weapons for the financial years 2022 and 2023 amounts to $6.2 billion, as reported by the spokesperson.
However, Singh emphasized that these “valuation errors” would not hinder Washington’s continued support to Ukraine. The surplus funds resulting from the overestimation will now be available to the Department of Defense to support Ukraine’s counteroffensive against Russia. This development is particularly timely as the fiscal year is concluding, and congressional funding was beginning to dwindle.
Ukraine’s counteroffensive, led by Commander-in-Chief of the Armed Forces Valerii Zaluzhnyi, has encountered challenges in the form of heavily mined terrain and reinforced defensive fortifications.
Previously, it was announced on June 13 that the US had committed over $40 billion in security assistance to Ukraine since Russia’s invasion. However, with the revised calculation, it becomes evident that the actual aid provided is less than $34 billion.
The assistance offered to Ukraine has encompassed a wide range of military equipment, including air defense systems, anti-tank munitions, long-range rocket systems, suicide drones, and armored personnel carriers.