Ukraine's Military Funding Continues Despite Claims of Depletion
Pentagon's $6.2B Overcharge Provides 'Store Credit', Biden Urges $110B Aid Package
- Pentagon's $6.2 billion overcharge on Ukraine's weapons account has left the country with a 'store credit' of around $4.4 billion, allowing continued funding of its military despite the White House's claims of funds running out.
- Ukraine has received $111 billion in weapons, equipment, humanitarian assistance, and other aid from the U.S. since Russia's invasion 21 months ago.
- President Biden is urging Congress to pass a $110 billion aid package for Ukraine, Israel, and other national security needs, including $61.4 billion for Ukraine, half of which is to replenish Pentagon stocks.
- Ukrainian forces have been taking ground back in some key locations, with the White House citing newly declassified intelligence that shows Ukraine has inflicted heavy losses on Russia in recent fighting.
- Despite the 'store credit', there may not be enough stock on the Pentagon shelves, and with only a quarter of the $4.4 billion available for replenishment, the U.S. military services are concerned about their own readiness.