Ukrainian soldiers in Donetsk Oblast, Ukraine.
The Pentagon overvalued the cost of weapons sent to Ukraine by $3 billion, Reuters reported.
Biden’s administration could now send more weapons without having to get budget approval from Congress.
The error was caused by the Pentagon using replacement costs to value the arms.
The Pentagon overvalued the cost of weapons it sent to Ukraine by $3 billion, in a blunder that may allow the US to send further weaponry to the besieged country to help in its fight against Putin’s forces, Reuters reported.
Two senior defense officials told Reuters on Thursday that the error was due to the Pentagon valuing the weapons at their current replacement costs rather than their depreciated values.
One of the sources added that the figure could grow even higher as the investigation continues.
“We’ve discovered inconsistencies in how we value the equipment that we’ve given,” one official also told Reuters.
The accounting error could enable the Department of…
This article was written by Bethany Dawson and originally published on www.businessinsider.com