Financial Times. Ukraine and Russia moved the dispute regarding bonds in the amount of $ 3 billion in a British court

«Ukraine and Russia met face to face in the course of litigation at the highest level at the High court in London on Tuesday to challenge a fierce court case, the center of which was a loan of $ 3 billion, the debt on which Kyiv has not repaid in 2015,» writes the Financial Times.

Debt issued under English law was received in 2013 under the previous Ukrainian government headed by Viktor Yanukovych before he was toppled during a Pro-Western uprising, the newspaper reminds.

«Lawyers acting on behalf of Russia, said Tuesday that the High court should not allow this case to move to the stage of the court. According to their statements, Ukraine has violated loan terms by not paying the money. Ukraine claims that a full trial is needed to look at this problem as a whole, including the Russian annexation of Crimea, which it said damaged its economy and reduced its ability to pay the debt», — stated in the article.

«Circumstances that are complaining about Ukraine is not part of English law or agreement, and the decision thereon cannot be rendered by the English courts,» said representing the interests of Russia Queen’s counsel mark Howard, adding that the alleged «political aggression» or a violation of international law are not associated with a lawsuit.

Translation InoPressa




Financial Times. Ukraine and Russia moved the dispute regarding bonds in the amount of $ 3 billion in a British court 18.01.2017

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Январь 18th, 2017 by
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