Ukraine has filed an appeal against the decision of the English court in the “debt of Yanukovych”
The Ministry of Finance of Ukraine has submitted to the English court of Appeal an appeal against the decision of the court regarding the litigation with Russia on “debt Yanukovych”, which is three billion dollars.
This is stated in the statement of the Ministry on June 23.
“Ukraine is confident in the arguments of the appeal and its strong position in the court of Appeal,” – said in a statement.
The appeal hearing may occur in the second half of January 2018.
Videodog Yanukovych: the High Court in London waiting for an appeal from Kyiv
29 Mar, 20:13
We will remind, earlier it became known that London’s High court will consider on an expedited basis, the case against the debt of Ukraine to Russia, known as the “debt Yanukovych” regarding the Eurobond debt to $ 3 billion.
Russia demanded expedited review and asked to ignore in the Crimea. Instead, the Ukrainian side submitted a written explanation of the necessity for a full trial.
According to representatives of Ukraine in this context, the agreement of the parties regarding the bonds may be cancelled.
The government of Mykola Azarov has received a loan in the framework of agreements between Russian President Vladimir Putin and then-President Viktor Yanukovych in December 2013. Borrowing was issued through the redemption of Eurobonds of Ukraine at $ 3 billion through the Irish stock exchange. In 2015, the Russian side did not accept the terms of debt restructuring, demanding from Kiev for his return. The Ukrainian government refused to acknowledge the debt to official and insisted on its commercial basis.
In turn, the IMF has recognized the debt to Russia, the official, but said that lending to Ukraine will continue, even if it defaulted.
30, 2015, the Cabinet of Ministers of Ukraine adopted a decision about introduction of the moratorium on payment of debt of the Russian Federation.