Peskov: Ukraine’s default recognized officially, Russia will demand the return of $3 billion in court

Peskov: Ukraine’s default recognized officially, Russia will demand the return of $3 billion in court


MOSCOW, December 18. The default of Ukraine officially recognized that Russia would demand the return of $3 billion through the court.

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Yatsenyuk: Ukraine has imposed a moratorium on the payment of a debt of Russia

This was stated to journalists the President’s press Secretary Dmitry Peskov.

“In fact, the default, one might say, officially recognized by the Ukrainian side – it was the Declaration of a moratorium on payment of sovereign debt. This is the default recognition of the situation,” Peskov said.

According to him, for the repayment of a debt of Ukraine to Russia there are now “virtually the only judicial perspective”.

Earlier, Deputy Finance Minister Sergei Storchak said that Ukraine has no chance to win court against the Russian Federation on the loan for $3 billion.

When the fact of non-payment will be very easily installed by an English court, this means a very quick and specific procedure for the final decision. In this sense, the colleagues from Ukraine, as a potential trial participants, there is no chance to win

Sergey Storchak
the Deputy Minister of Finance

The Storchak says that after the verdict comes the question of execution of the judgment, but “it’s a different subject.”

Debts Of Kiev

On Friday, the Cabinet of Ministers of Ukraine introduced a moratorium on the payment of Russian debt. The Ukrainian government also imposed a moratorium on the payment of $507 million, which has two Ukrainian companies to Russian banks.

On December 17, the international monetary Fund confirmed that the debt of Ukraine to Russia in the amount of $3 billion is official.

20 December, Kiev must repay the loan before Moscow, if he do not, within 10 days after the onset of this period, Russia will go to court.

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A dispute about $3 billion: debt Kiev before Moscow in questions and answers