The speaker: the chances to win the court to collect the debt from Kiev, close to 100%

The speaker: the chances to win the court to collect the debt from Kiev, close to 100%


Russia will be able to reach a positive court decision on recovery from the Ukraine three billion dollars, said the head of the Russian Ministry of economic development.

MOSCOW, 22 Dec. The chances of Russia to win the lawsuit to recover Ukraine’s debt in 3 billion dollars is close to 100%, said the head of Ministry of economic development Alexei Ulyukayev.

“I think our chances to reach a positive judgment is close to 100%,” — said Ulyukayev in an interview with TV channel “Russia 24”.

The bonds were due and payable December 20, the payment, in favour of the Russian Federation must be made on a working day, 21 December. Ukraine on Monday had not implemented a payment as repayment of debt to Russia to $ 3 billion, but formal default will occur upon expiration of the grace period of 10 days.

The Finance Ministry on Monday evening said that, still waiting for the repayment until the end of 2015.

Prime Minister Dmitry Medvedev said that Russia needs to recover Ukraine’s entire debt on the loan subject to the penalty, and instructed the Vice premiers to hire lawyers and prepare an appeal to legal authorities for collection of debt Kiev.

More about the structure of the external debt of Ukraine read in the help >>