The high court of England can in April to make its decision on the debt by $3 billion “bond of Yanukovych”. The Minister of Finance Oleksandr danyluk said the TV channel 112.

“There were hearings, which heard both sides. Now the judge needs to make a decision and to issue it documentary. I think three months will be aware of the decision, possibly as early as April,” – said the Minister.

He added that representatives of the Ukrainian side in court arguments proved their position.

The court began to consider the claim of the aggressor in Ukraine on January 17.

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.

December 30, 2015, 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 last year, 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 of the company The Law Debenture Trust Corporation Trustee, under which Russia was granted a loan of $3 billion in December 2013. The interests of Ukraine represents the international law firm Quinn Emanuel Urquhart & Sullivan.

Ukraine in their objections indicates that the contract of borrowing concluded in December 2013 is invalid and not enforceable. Among the reasons is a violation of domestic law in the issuance of securities, as well as pressure from Russia throughout 2013, with the goal to prevent Ukraine’s signing the Association agreement with the EU, annexation of Crimea and military aggression in the Donbass.




The court may take a decision on the “bonds of Yanukovych” in April – Finance Ministry 30.01.2017

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