MOSCOW, February 25. Ukraine has until March 4 to respond to the lawsuit of the Russian Federation on the debt, then the court will appoint a hearing.
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Russia has filed a lawsuit against Ukraine to the court of London for the loan of $3 billion
Klimkin: Ukraine considers its debt of the Russian Federation in $3 billion “bribe in form and in content”
Lawyers of the Finance Ministry assured that Moscow will win the lawsuit against Ukraine debt at $3 billion
This was reported to journalists by Deputy Finance Minister of Russia Sergey Storchak.
“4 March – the first key date is when the Ukrainians should respond to our lawsuit. And then the court will assign a hearing,” he said.
Explaining the procedure, Storchak said: “We filed the lawsuit, they are the counter – arguments against the claim have any to nominate. The usual procedure”.
He reminded that total amount of the claim is $3 billion plus $75 million of the unpaid coupon.
Responding to a question about whether during the current visit of Russian President Vladimir Putin in Minsk to discuss financial support for Belarus, he confirmed that this issue is on the agenda, refusing to talk about the details of possible assistance.
Background
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 the 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.
See also
A dispute about $3 billion: debt Kiev before Moscow in questions and answers
The government of Ukraine on 18 December 2015, has placed a moratorium on the payment of the debt of the Russian Federation and the Prime Minister of Ukraine Arseniy Yatsenyuk motivated by the fact that Russia refused to sign the restructuring agreement together with private creditors. However, the day before, on 17 December, the IMF Executive Board has recognized the status of Ukraine’s debt to Russia of the sovereign. This means that the obligation to pay the debt incurred by the government-borrower. Thus, Ukraine chose to avoid default than negotiate on the basis of a proposal made by the President of the Russian Federation during the meeting of leaders of the countries “Groups of twenty” in Antalya in November.
December 20, Ukraine has defaulted on Russia’s debt. The Finance Ministry in this regard has initiated judicial review proceedings.
20 December 2015, Ukraine has defaulted on Russia’s debt. As a result, Russia was forced to turn to the international court to recover these funds by force.
