The high court in London rejected rejected Russia’s demand to collect from Ukraine 325 million dollars in interest on Eurobonds for $ 3 billion. This was reported today the Ministry of Finance of Ukraine.
As stated in the statement, the court adopted the position of Ukraine and has suspended the execution of the judgment pending its review of the appeal of the Ukrainian authorities.
At the end of March, London’s High court said that the case about the duty of Kiev to Moscow will be considered in the accelerated order.
At the same time the court rejected the claim of Ukraine is that Russia’s demands are political in nature. In turn, the Russian Finance Ministry described this decision as final and binding Ukraine to repay Russia’s debt.
We will remind, the authorities of Russia granted Ukraine a loan of $ 3 billion in December 2013, during the presidency of Viktor Yanukovych. However, after the overthrow of the last new authorities refused to fulfill the obligations under the loan service.