London court to hold hearing on Ukraine-Russia $3 bln Eurobond dispute Jan 22

The Court of Appeal in London on January 22 will consider Ukraine's appeal against the decision of the High Court of London, which obliges Russia to pay $3 billion of the so-called "Yanukovych debt" for the Eurobonds issued by Ukraine in 2013, the press service of the Ministry of Finance told UNIAN.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

"Yes, [the court hearing] will be held on January 22," the ministry's press service said.

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 by the Russian Federation in December 2013 according to the agreement between Russian President Vladimir Putin and the then Ukrainian President Viktor Yanukovych.

Read alsoUkraine, Russia set for next round in $3 billion Eurobond court case – mediaKyiv 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 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.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!