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Russia Hopes Ukraine Pays Off $3Bln Debt, Retains All Tools to Protect Interests

© Sputnik / Michael Klimentyev / Go to the mediabankDmitry Peskov
Dmitry Peskov - Sputnik International
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Russia relies on Ukraine that it will pay off its debt.

Russian Foreign Ministry - Sputnik International
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MOSCOW (Sputnik) – Russia hopes Ukraine will pay off its $3-billion debt, but retains all the available tools to protect its sovereign interests in light of Kiev’s recent indications it would refuse to repay the debt, Kremlin spokesman Dmitry Peskov said Friday.

“Of course, we continue to expect that the needed sovereign obligations are fulfilled by Ukraine. Against the backgrounds of the renouncement of these commitments, as we have repeatedly aid, Russia will use all the tools available in international law to protect its interests,” Peskov told reporters.

The Law Debenture Corporation plc, representing Russia in litigation of a $3-billion sovereign debt owed by Ukraine, has filed an appeal in the High Court in London to expedite the ruling in a lawsuit over Kiev's failure to repay the debt, the Russian Finance Ministry said Thursday.

Moscow filed a lawsuit against Ukraine in the London High Court in February after Kiev defaulted on repayment of a $3-billion loan that Russia granted to Ukraine in 2013 under the former Ukrainian president Viktor Yanukovych.Russia seeks to recover the principal in full, $75 million of unpaid interest and legal fees.

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