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Category: Law

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Date: 2 months ago   Category: Politics

The court hasn't put the end to a dispute on a debt of Ukraine to Russia in more than $3 billion


The Court of Appeal of England has made the decision on conducting full trial to study arguments of Kiev that the credit in 2013 has been taken under pressure of Russia to the Photo: depositphotos.com Court of Appeal of England within the dispute on a debt of Ukraine to Russia has made the decision on conducting full trial. On him arguments of the Ukrainian side will be studied, it is said in the statement on the website of the Russian Ministry of Finance. As the head of the ministry Anton Siluanov has said, this decision postpones a final verdict on settlement of a dispute between Russia and Ukraine for some time. Kiev insists that the credit of 3 billion dollars has been taken allegedly under pressure of Russia. In Moscow all charges reject. The Ministry of Finance of Ukraine recognized that the court has supported not all requirements of the Ukrainian side. Nevertheless in Kiev this decision was called "an outstanding victory of Ukraine". What means the judgment, the senior partner of lawyer bureau Forward Legal Alexey Karpenko explains: Alexey Karpenko is a lawyer, the senior partner of the Forward Legal company "Court of Appeal hasn't refused to Russia collection of debt on bonds in 3 billion plus coupon yield at all. The Court of Appeal has only explained that to understand the fourth argument which was put forward by Ukraine not to pay a debt of Russia, it is necessary to conduct separate trial. Thus, the issue of collection of debt isn't resolved, and postponed until completion of separate trial on consideration of one of arguments of Ukraine. It will be necessary to investigate separately a question whether Russia put pressure upon the Ukrainian authorities. At that time time Yanukovych was at the helm. Russia put pressure political or not whether the leadership of Ukraine to that to take this bonded loan has been forced? Chances depend on what evidence will be produced from Ukraine as far as they will be powerful. I after all think that Russia will manage to win also this process too". In 2013 Moscow has redeemed the Ukrainian eurobonds for 3 billion dollars. Until the end of the 2015th Kiev regularly serviced a debt, however then has allowed a default on these bonds. The Russian Ministry of Finance has submitted a claim to the High Court of Justice and in March of the 2017th has won it: the court has obliged Ukraine to pay to Russia the par value of bonds — 3 billion dollars and also coupon payment and penal percent. Every day delay costs Kiev 673 thousand dollars. Ukraine appealed against this decision in Court of Appeal. To add BFM.ru to your sources of news?

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