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Ukraine Entities to File Lawsuits Against Russia to Int'L Courts in 2 Weeks

© AP Photo / Mindaugas KulbisUkraine's President, Petro Poroshenko
Ukraine's President, Petro Poroshenko - Sputnik International
Ukrainian President Petro Poroshenko vowed that there will be "a number of legal proceedings" against Russia in two weeks.

KIEV (Sputnik) — Ukrainian companies will file a set of lawsuits against Russia to international courts in two weeks, Ukrainian President Petro Poroshenko said Sunday.

"In two weeks, you will see a number of legal proceedings [against Russia]," Poroshenko told reporters.

Earlier in January, Russian Finance Minister Anton Siluanov said that Moscow will file a suit against Ukraine’s unpaid arrears standing at $3 billion at the end of January.

Independence Square in Kiev - Sputnik International
Russia to Succeed in Claiming $3Bln Ukraine Owes Moscow - Finance Minister
On January 5, the Ukrainian Finance Ministry said Kiev was ready to defend its interests during the proceedings on the restructuring of the country's $3-billion debt to Russia.

The two-year Eurobond which was secured in 2013 by the government of then-President Viktor Yanukovych matured on December 20.

The Russian Finance Ministry announced on December 31 that Ukraine had defaulted as it had missed the 10-day deadline to repay the debt.

Russia disagrees with Ukraine's stance that the bond is part of an external commercial debt, arguing that the bond is a loan provided by one country to another.

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