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.
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.
Ukraine has complied with the order of the High Court of London to compensate part of the legal costs incurred by the Russian side, transferring GBP 1.16 million, according to Russia's Finance Ministry.
High Court in London rules in support of Ukraine's position as to full suspension of summary judgment relating to the US$3 billion Eurobonds issued by Ukraine in December 2013 until its appeal has been determined, according to the Finance Ministry's report.
Ukraine will lodge an appeal in the case of a $3 billion debt Russia demands be repaid two weeks later than expected, thanks to the permission granted by the London High Court, according to the press service of the Ministry of Finance of Ukraine.
Ukraine’s Finance Ministry on June 10 will appeal the decision of the High Court of London on the Russian suit against Ukraine over the so-called $3 billion "Yanukovych's debt," minister Oleksandr Danyliuk, told journalists.
The Ministry of Finance of Ukraine intends to appeal in early June the decision of the High Court of London on Russia’s suit against Ukraine over the so-called $3 bln "Yanukovych's debt," the ministry’s press service told UNIAN.
The updated Memorandum on cooperation under Extended Fund Facility signed by Ukraine and the International Monetary Fund assumes that the restructuring will be achieved of a $3 billion “Russian debt” on general terms, applied to other holders of Ukrainian Eurobonds, who have agreed to restructuring.
The High Court of Justice in London in the case regarding Russia’s claim over the so-called "Yanukovych debt" ruled not in Ukraine’s favor, Russian Sberbank announced the sale of its Ukrainian subsidiary, while regional gas distribution companies controlled by Dmytro Firtash will be able to earn an additional UAH 7.7 billion due to the latest decision of the NEURC – these are this week’s main economic news.
At the following stages of proceedings in Russia’s claim against Ukraine over the so-called "$3 bln Yanukovych debt," Ukraine will continue defending its case and protecting the state interests consistently using all avenues available to it under English law, the Ministry of Finance reported on its website.
The High Court of Justice in England on Wednesday, March 29, approved a motion for expedited consideration of Russia’s lawsuit against Ukraine regarding the so-called "$3 billion Yanukovych debt," having not recognized the validity of Ukraine's arguments in this case, Finance Minister Oleksandr Danyliuk told a Kyiv briefing.