Axar.Az Logo

Ukraine appeals London high court

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Kiev appealed the ruling of the High Court of London on the $3-billion debt to Russia, according to official statement of the Ukraine's Finance Ministry. reports citing Sputnik.

Ukraine has appealed the ruling of the High Court of London on the $3-billion debt to Russia, the Finance Ministry said in a statement Friday.

On March 29, 2017, London’s High Court of Justice decided against holding a full trial on Ukraine's debt as Kiev had no justifiable defense for failing to pay it back. The Russian Finance Ministry said after the ruling that it considered the court's decision as "final and obligatory." Kiev said that it would appeal the decision.

"Today, the Ukrainian Finance Ministry filed on behalf of Ukraine with the British Court of Appeal the necessary documents to initiate an appeal against the court ruling, made on March 29, 2017 by Justice Blair in the lawsuit regarding Eurobonds worth $3 billion [the so-called 'Russian debt']," the statement said.

"Ukraine is confident of the arguments of the appeal and of a victory in the Court of Appeal. The hearing of the appeal is tentatively scheduled for the second half of January 2018," it said.

Moscow filed a lawsuit against Kiev in February 2016 after Ukraine defaulted on paying off a $3-billion loan by December 31, 2015. The loan was granted to Ukraine in late 2013 under then Ukrainian President Viktor Yanukovych.

2017.06.23 / 21:29
See also

There was an earthquake in Turkey

Pashinyan mocked Karapetyan and Kocharyan

Billionaire Mackenzie Scott gives away another £2bn

Sharing from Charles Michel about Baku and Yerevan

China accuses NATO of maintaining 'Cold War mentality

Iran`s move that will increase tensions with the West

The Kremlin also chose Pashinyan: Kocharyan was rejected

The Afghan army neutralized 160 Taliban militants

India registers 60,471 new infections

A suicide bombing at Somalia army camp leaves 15 dead

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla