The court of appeal of England has postponed the decision on “duty of Yanukovych”
On 26 January the court of Appeal of England has completed hearings appeal, submitted by Ukraine on the decision of the High court of justice on the dispute with Russia on a debt of three billion dollars, the so-called “debt of Yanukovych”.
About it reports the Ministry of Finance of Ukraine.
Videodog Yanukovych: the High Court in London waiting for an appeal from Kyiv
On 29 March 2017, 20:13
The court of Appeal hearing lasted five days. The team of legal advisers of Ukraine has brought a weighty legal arguments for consideration by the judging panel consisting of three highly qualified and experienced judges of the court of Appeal, stated in the Ministry of Finance.
After the meeting, the judges postponed the decision to a later date. The Department promised to publish the results of the appeal review after the announcement by the court of Appeal of England of its decision.
“Ukraine trust the English proceedings and, as before, confident in the positive outcome of the trial, which was initiated at the direction of Russia to implement a broad strategy for the implementation of Russia’s illegal and illegitimate aggression against Ukraine. Ukraine confirms its intention to confront this aggression on the part of Russia to the final completion of the judicial process”, – stated in the message of the Ministry of Finance.
Russia wants to discuss Yanukovych’s debt with other countries, but not Ukraine
Recall, may 29, Alexander danyluk, stated: “I have Just received the decision of the London court of justice on the so-called Russian debt, which does not recognize the validity of the positions and arguments of Ukraine in this case.” But because he announced plans to appeal the decision.
London’s high court had summarily to hear the case in respect of the debt of Ukraine to Russia known as “Yanukovych’s debt” with respect broomley debt by 3 billion dollars.
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 stated that lending to Ukraine will continue, even if it defaulted.
30, 2015, the Cabinet of Ministers of Ukraine adopted a decision on a moratorium on the payment of the debt of the Russian Federation.
- Ministry of Finance
- Yanukovych’s debt
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