Award Banner
Award Banner

US to send Kyiv first $269m of arms freed by $8.3b 'accounting error'

US to send Kyiv first $269m of arms freed by $8.3b 'accounting error'
Flags of US and Ukraine are seen on the day of a meeting of German Defence Minister Boris Pistorius, US counterpart Lloyd Austin and Nato Secretary General Jens Stoltenberg at Ramstein Air Base, to discuss how to help Ukraine defend itself, at Ramstein Air Base, near Ramstein-Miesenbach, Germany on Jan 20.
PHOTO: Reuters

WASHINGTON - President Joe Biden's administration will announce US$200 million (S$269 million) of new weapons aid for Ukraine as soon as Tuesday (Aug 8), US officials told Reuters, as it begins to dole out US$6.2 billion (S$8.3 billion) of funds discovered after a Pentagon accounting error over-valued billions of Ukraine aid, two US officials said on Monday.

In May, the Pentagon announced it had mistakenly assigned a higher-than-warranted value to the US weaponry shipped to Kyiv when staff used "replacement value" instead of "depreciated value" to tabulate the billions worth ammunition, missiles and other equipment sent to Ukraine.

Ukraine needs weaponry that can be shipped from US stocks in a matter of days or weeks so it can keep up its fight to repel Russia's invasion - the accounting error worked to Kyiv's benefit because more equipment can be sent.

Beginning to use these discovered funds is significant because they represent the last of the previously congressionally authorised $25.5 billion worth of Presidential Drawdown Authority (PDA) the administration can utilize to ship weapons from US stocks in the event of an emergency, the US officials said.

Washington is currently working on a supplemental budget request to continue to aid Kyiv, the US officials said.

Tuesday's expected announcement of $200 million would be the first tranche of the $6.2 billion windfall of previously authorised Presidential Drawdown Authority (PDA), the officials said.

Included in this package were items like mine clearing equipment, TOW and AT4 anti-tank weapons, guns and ammunition, air defence interceptors made by Lockheed Martin Corp for the Patriot system, Guided Multiple Launch Rocket System (GMLRS) rockets and Javelin anti-tank missiles made by a joint venture between Lockheed and RTX Corp, along with other equipment.

ALSO READ: Ukraine says US and German air defence systems 'highly effective'

This website is best viewed using the latest versions of web browsers.