London court reserves judgement in Yanukovych case, — Finance Ministry

Source : 112 Ukraine

Judge decided to reserve his judgment given the complexity of the involved issues
19:46, 26 May 2017

London court has reserved interim judgement in the case of Yanukovych debt. This was reported by the press service of Ukrainian Finance Ministry.

It is informed that the judge decided to reserve his decision given the complexity of the involved issues.

"The Judge will therefore take some time following today’s hearing to consider matters further, before issuing his decision in due course," the message reads.

As it is known, on 26 May 2017 judge Blair was considering various outstanding matters that follow on from the summary judgment decision issued by the Court on 29 March 2017 in the High Court in London. Court heard Ukraine’s application about further suspension of judgement until Ukraine’s appeal to the English Court of Appeal has been concluded, which is to happen not earlier than 2018. 

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.

Related: Yanukovych regime officially stole $40 billion during three years

Related: Ukraine confiscates USD 1.5 billion of Yanukovych’s assets

Related: London court approved expedited review of Russia’s claim in "Yanukovych debt"

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