World, Economics

 London court to hear Ukraine-Russia $3B Eurobond dispute today - Finance Ministry

On Jan. 22, a London-based appeals court is to consider Ukraine's appeal against the decision of the High Court of London, which obliges to pay Russia $3 billion of the so-called "Yanukovych debt" for the Eurobonds issued by Ukraine in 2013.

"Yes, [the court hearing] will be held on Jan. 22," the Finance Ministry's press service told UNIANCensor.NET reports.

As reported, the High Court of London in January 2017 started considering Russia's claim against Ukraine on Ukraine's Eurobonds worth $3 billion, bought by the Russian Federation in December 2013 according to the agreement between Russian President Vladimir Putin and the then Ukrainian President Viktor Yanukovych.

Kyiv considers this loan the Kremlin's "bribe" to the former Ukrainian authorities for rejecting the European integration path while the Russian side insists on its repayment. On March 29, the Court approved an expedited consideration of the Russian lawsuit, failing to recognize the validity of Ukraine's arguments in the case. However, the Finance Ministry announced its intention to appeal against this decision. At a hearing on May 26, where the Court considered Ukraine's motion to suspend execution of the court decision until the end of the appeal consideration, expected no earlier than 2018, the Court postponed the decision to consider the matter deeper.

Источник: https://censor.net.ua/en/n3045715