Ukraine and Russia have reached an agreement on the term for granting Kyiv objections to legal action for debt at $3 billion rubles. About it on April 22 reported on the website of the Ministry of Finance of Ukraine.
“Despite the recent strong statements of Russia that she refuses to give Ukraine additional time to submit objections against the claim, which was applied to Ukraine, and that the matter should be resolved by the English court on the eve of the hearing, the Federation, albeit belatedly, but still completely abandoned this position and agreed to provide additional time”, — stated in the message of the Ukrainian Ministry of Finance.
It also indicates that the initial position of Russia forced the Ukrainian side to go to court with a formal request to extend the period for submission of objections to the claim. “However the Ukrainian party is pleased that Russia finally recognized the desirability of continuing such a life and decided not to waste the court’s time to address the issue, which Russia would obviously have lost,” the report says.
On the Russian side, while no comments were made.
On 18 April, Deputy Finance Minister Sergei Storchak has told reporters that Ukraine was twice asked London’s High court to postpone the hearing on debt collection in $3 billion once the Russian party has met and agreed to a postponement of the hearing. “The second time we did not give consent. The court must decide for itself,” — said Storchak.
It is about the debt on the loan at $3 million, according to which Kiev should pay Moscow in December 2015. The funds were received by Ukraine in late 2013, when President Viktor Yanukovych.
After the change of power in Ukraine in the winter of 2014 the new government refused to repay the debt in full and demanded that Russia restructuring and partial debt forgiveness. While Kiev has said that Moscow will not receive the special conditions for payments, other than arrangements with other creditors of Ukraine.
April 12, Verkhovna Rada of Ukraine made an indefinite moratorium on debt payments to Russia, which was announced in December 2015, Prime Minister Arseniy Yatsenyuk.
A claim for recovery of debt in High court of London Russia filed in February 2016.