Russia has filed in London’s High court a motion for an expedited decision on the claim for failure to comply with Ukraine’s obligations under the bonds Yanukovych.” Writes Prime, the Ministry of Finance of the aggressor expects that the hearing will take place at the end of the year.

“The independent company The Law Debenture Corporation representing the interests of the Russian Federation, as the sole owner of Ukrainian bonds for $3 billion, filed in London’s High court a motion for an expedited ruling on the suit, filed in connection with the failure of Ukraine’s obligations on these bonds,” – said the Agency.

Earlier in the Kremlin said that still believe the sovereign debt of Ukraine $3 billion on these securities.

On July 26, Finance Minister Alexander danyluk said that Ukraine must repay Russia debts “to the bonds of Yanukovych”. “It was a political loan that we were forced to take,” – said the Minister.

Russia refused to participate in debt transactions in Ukraine in November 2015. Now the amount of the claims of the Kremlin on debt securities is $3 billion plus $75 million per cent.

30 December last year the Cabinet of Ministers of Ukraine adopted a decision on the moratorium on the payment of the debt of the Russian Federation.

On may 4, President Petro Poroshenko approved the cancellation of the end date of the moratorium on the payment of the public debt, stipulated by the current legislation (bill N3677). The document proposes to abolish the limit of validity of the temporary moratorium on payments on external commercial debts, including “the bonds of Yanukovych” which expired on 1 July 2016.

On may 27, 2016 Ukraine lodged with the High court of England objections to the claim Law Debenture Trust Corporation Trustee, under which Russia was granted a loan of $3 billion in December 2013.




Russia needs to accelerate consideration of the claim on the “bonds of Yanukovych” 29.07.2016

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