London’s high court registered a lawsuit by Russia against Ukraine debt at $3 billion

London’s high court registered a lawsuit by Russia against Ukraine debt at $3 billion


LONDON, 18 February. /Corr. Ilya Dmitriev/. London’s high court registered a lawsuit by Russia against Ukraine lodged because of a debt of $3 billion of it offset. announced today in court.

“The suit was registered in (the system of dispute resolution) “financial list” 17 of February”, – said the representative of the court. In his words, “the parties to the proceedings are The Law Debenture Trust Corporation PLC V. Ukraine, represented by the Minister of Finance of Ukraine acting under the instructions of the cabin of Ministers of Ukraine”.

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Russia has filed a lawsuit against Ukraine to the court of London for the loan of $3 billion

“Financial list” is part of the commercial court”, – said the Agency interlocutor.

The system of so-called financial list was created in July 2015 for consideration of disputes connected with the financial markets, the size of which exceeds 50 million pounds ($72 million). In the consideration of disputes at the same time accept the participation of experts of the High court of London from the stationery office, which is dealing with cases of business law, trust law, land and inheritance law, and Commercial court, which deals with disputes of a commercial nature.

The system was created to, at the same time taking into account the experience of experts from various fields, to reduce the cost of litigation and reduce the time spent on the cases.

The head of the Russian Finance Minister Anton Siluanov said that Russia has filed a lawsuit against Ukraine in a London court because of a debt of $3 billion Siluanov Also announced that Russia requires, in addition to the debt, to pay additional interest on the bonds accrued from December 20, 2015. The Ministry of Finance of Ukraine said that “ready to resolutely defend its interests” on the RF Eurobonds for $3 billion in an English court.

The Debt Of Ukraine

In December 2013, the presidents of Russia and Ukraine Vladimir Putin and Victor Yanukovych have agreed that Moscow will give Kiev a loan of $15 billion through the placement of Ukrainian securities. Under this program, bonds for $3 billion were placed on the Irish stock exchange on 20 December 2013 and bought by Russia at the expense of the national welfare Fund.

On 17 December, the IMF confirmed that the debt of Ukraine to Russia is official. 20 December, Kiev was supposed to fully repay the loan before Moscow, if he do not, within 10 days after the onset of this period, Russia will go to court.