Select language:

London court will consider claim of Ukrainian unpaid debt to Russia claim expeditiously

 / Главная / Russkiy Mir Foundation / News / London court will consider claim of Ukrainian unpaid debt to Russia claim expeditiously

London court will consider claim of Ukrainian unpaid debt to Russia claim expeditiously


29.03.2017

London High Court will consider the lawsuit against Ukraine expeditiously. The corresponding decision was made by the judge Sir William Blair, according to RIA Novosti.

That is the first victory of the Russian side in these legal proceedings, as it was Russia who insisted on hastened procedure to exclude having the case heard and hearing the parties’ demands.

This decision was accepted with satisfaction in Russia. Vnesheconombank specified that despite this decision is positive for Moscow; the legal proceedings will take a long time. According to one of the lawyers, participating in this case, a final verdict will be ready only in nine months.

As per the Russkiy Mir Foundation, consideration process of the claim about debt obligations of Ukraine made by Russia has started this January.

It is worth reminding that the Russian Federation granted a loan to Ukraine in 2013 by way of repurchase of sovereign Eurobonds. Kiev observed the debt servicing up to the end of 2015. After that, a loan default happened. The Ukrainian authorities supposed that the Kremlin would join a restructuring program that included other creditors. However, Moscow considers this debt sovereign, so the question of its restructuring should be resolved separately. 

Russkiy Mir


News by subject

Publications

Italian entrepreneur Marco Maggi's book, "Russian to the Bone," is now accessible for purchase in Italy and is scheduled for release in Russia in the upcoming months. In the book, Marco recounts his personal odyssey, narrating each stage of his life as a foreigner in Russia—starting from the initial fascination to the process of cultural assimilation, venturing into business, fostering authentic friendships, and ultimately, reaching a deep sense of identifying as a Russian at his very core.