Ukraine Delays $2.3 Billion in Payments as Treasury Cash Runs Short

Ukraine has pushed about $876 million of spending to year-end, left $1.03 billion in payments unprocessed and suspended $404 million in VAT refunds, Finance Minister Serhiy Marchenko told the Verkhovna Rada. The Treasury is funding only defense, pensions, wages and social aid until the Single Treasury Account recovers.