Ukraine reimburses legal costs incurred by Russia in "Yanukovych debt" case – RF Def. Ministry

"Law Debenture Corporation PLC, representing the interests of the Russian Federation as the sole owner of bonds of Ukraine with a face value of US$3 billion, has confirmed the receipt of a payment from Ukraine in the amount of GBP 1.16 million. Thus, Ukraine has carried out the decision of the High Court of London to compensate a part of the legal costs incurred by the Russian side," the Finance Ministry told UNIAN.

As UNIAN reported earlier, the High Court of London in January 2017 began to consider Russia's claim against Ukraine on Ukraine's Eurobonds worth $3 billion, bought back by the Russian Federation in December 2013 according to the agreement between Russian President Vladimir Putin and the then Ukrainian President Viktor Yanukovych.

Read alsoLondon High Court suspends summary judgment on Yanukovych's $3 bln loanKyiv considers the loan the Kremlin's a "bribe" to the former Ukrainian authorities for rejecting the European integration path, while the Russian side insists on its repayment.

On March 29, the Court approved an expedited consideration of the Russian lawsuit, failing to recognize the validity of Ukraine's arguments in the case. However, the Finance Ministry announced its intention to appeal this decision.

At a hearing on May 26, where the Court considered the Ukraine's application to suspend execution of the court decision until the end of the appeal consideration, expected no earlier than 2018, the Court postponed the decision to consider the matter deeper.