The Pentagon is looking to revalue the cost of the military equipment it has sent to Ukraine, allowing the Biden government to say it has spent less money on the war – and potentially spend even more.

“We’ve discovered inconsistencies in how we value the equipment that we’ve given,” claimed a senior defense official, in comments to Reuters quoted by The Guardian.
The Pentagon originally valued weapons in terms of their replacement costs. By moving to an accounting system where they value weapons in terms of cost when they were purchased and depreciated, they are able to argue military aid to Ukraine has been overvalued by around $3 billion – possibly more.
On …