UK: Ukrainian regime will go to court to avoid paying debt to Russian regime

posted by
February 18, 2016
Posted in News

"Kiev vowed on Thursday to fight Russia's demand for the full repayment of a $3-billion (2.7-billion-euro) loan it issued to Ukraine in 2013 under ousted Moscow-backed president Viktor Yanukovych. Russia on Wednesday filed a lawsuit with the High Court in London after the two sides failed to reach a private settlement over the debt. The eurobond was issued on the Irish Stock Exchange and is governed by English law. ... Kiev had been due to repay the eurobond purchased by Moscow from Kiev on December 21. But it viewed Russia's loan as private debt that fell under the restructuring terms it agreed with other commercial lenders last year." (02/18/16)  

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