The New York Times. Russia gave to Ukraine in court in London on charges of unpaid debt

«On Wednesday, Russia filed a lawsuit against Ukraine in London’s High court in connection with credit outstanding in the amount of $ 3 billion, starting a legal battle, ucelevshiy geopolitical tensions between the two countries,» reports The New York Times.

The Russian Finance Minister Anton Siluanov told journalists that his Ministry has filed a lawsuit after «repeated unsuccessful attempts to call Ukraine for a constructive dialogue on the restructuring of the debt».

«Despite the accusations of the West in the creation of geopolitical problems, many Russian companies and even the Ministry prefer to resolve trade disputes in the European courts, which are considered more impartial than the courts in former Soviet countries,» notes the article author Andrew Kramer.

«Fuzzy structuring of the loan was the subject of the dispute in the latest conflict between Ukraine and Russia», — said in the article. Russia has issued a loan in the Eurobond commonly used in commercial transactions, and not when issuing international credits, reminds the edition.

«The new Ukrainian government in a state of serious conflict with Russia, insisted that the loan must now be treated as a commercial operation and, accordingly, be subject to a restructuring deal,» reads the article.

«Russia argues that the bonds should not be subject to the terms of the commercial debt restructuring, and this position is supported by the IMF», — the newspaper notes.

Translation InoPressa




The New York Times. Russia gave to Ukraine in court in London on charges of unpaid debt 18.02.2016

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Февраль 18th, 2016 by
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