01:35 GMT +316 June 2019
Listen Live
    High Court of Justice, London

    Kiev Files Objection Against Russian Suit Over $3-Bln Spat

    © Flickr/ Ben Sutherland
    World
    Get short URL
    0 110

    Ukraine has filed an objection against a Russian lawsuit over a $3-billion debt, the Ukrainian Foreign Ministry said in a statement on Friday.

    KIEV (Sputnik) — Ukraine has filed an objection against a Russian lawsuit over a $3-billion debt, the Ukrainian Foreign Ministry said in a statement on Friday.

    "Ukraine has filed an objection to the High Court of England against a claim made by The Law Debenture Trust Corporation PLC appealing against Ukraine in February 2016. The plaintiff is the trustee according to the document, which included the granting of a loan in the amount of $3 billion by the Russian Federation to Ukraine, which was a result of the conclusion of agreements reached by the government of former President [Viktor] Yanukovych with the Russian Federation in December 2013," the statement reads.

    The Ukrainian Foreign Ministry described the agreement as invalid and therefore non-binding.

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

    Moscow has repeatedly stated that Ukraine's failure to pay back the debt by December 20, 2015, should be classified as a default.

    Related:

    Russia Against Postponing Court Hearing on Ukraine's $3Bln Debt
    Ukraine in Debt Restructuring Talks With Russia - Finance Ministry
    Neck Deep in Debt: a Look at Ukraine’s Top Lenders
    Russia Demands Ukraine to Pay $3Bln Debt And Interest Since End of December
    Tags:
    debt, lawsuit, Ukrainian Foreign Ministry, Ukraine, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik