Russia might sell "Yanukovych debt" to another country

A compromise on the $3 billion "Yanukovych debt" is possible if another country buys it off from Russia, according to Russian Deputy Finance Minister Sergey Storchak, RIA Novosti reports.

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"Theoretically, it could be money and securities of some other sovereign who is ready to take on the demands to Ukraine and due to its special relationship with Ukraine could quickly advance in search of some compromise solution. After all, the burden associated with the return of more than $3 billion is a significant burden on any budget. We understand this well," Storchak said.

Read alsoRuling on special confiscation of $1.5 bln belonging to Yanukovych, allies remains classifiedAs 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.

Kyiv 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.

Read alsoUkraine-IMF memo assumes restructuring of "Yanukovych debt"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.

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