High Court in London approved expedited hearing of Russia’s claim against Ukraine in "Yanukovych debt" case regarding eurobonds for $3 billion, according to the court’s decision, Interfax-Ukraine reports.
It is noted that the judge has rejected the arguments of Ukrainian side and also dismissed charges against Russian Federation on political pressure towards Ukraine.
Kyiv intends to appeal against the decision of High Court in London. Court granted leave to appeal.
Ukraine received $3 billion from Russia a loan of when Viktor Yanukovych was the President in December 2013. Kyiv insisted on its recognition as a commercial debt and restructuring. But Russia refused to restructure the debt and demanded to recognize it as the state debt. Cabinet of Minsiters imposed moratorium on payment of $3 billion in eurobonds. Russian Federation filed a lawsuit against Ukraine to High Court in London in February 2016.