the Finance Ministry of Russia is assured that the arguments of the Ukrainian side at the hearing in the High court of London in the case of the debt to Moscow in the amount of three billion dollars, is not tenable. This was stated in the press center of the Ministry.
“We are confident that given the defendant the argument does not hold water, and look forward to the court’s decision on satisfaction of the petition of the Russian side for expedited consideration filed suit against Ukraine,” the Ministry said.
00:03 December 22, 2015
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Ukraine found three billion dollars to repay debt to Russia
00:32 February 18, 2016
it also noted that the verdict of the court, according to the practice, it may take from one to three months.
on January 19 at the High court in London ended the hearings of the parties in the case of the debt of Ukraine to Russia. Presiding judge William Blair took time for consideration and decision.
Ukraine has outstanding sovereign debt (IMF recognizes the state credit). Moscow has extended a loan of three billion dollars Kiev in December 2013, when President Viktor Yanukovych. The money was allocated through the purchase of Ukrainian Eurobonds.
Later, Kiev offered Moscow to restructure the debt, presenting him as a private. Russia rejected the offer, refused, appealed to the High court in London. In early may 2016, Ukrainian President Petro Poroshenko has signed a law to impose an indefinite moratorium on the payment of its debt to Russia.
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