Date: a week ago   Category: Politics

Kiev has won the appeal on Yanukovych's debt

Kiev has won the appeal on Yanukovych's debt
The court of the first instance mistakenly didn't begin to consider arguments of Ukraine, the appeal has solved. Ukraine has won the appeal in court of London on a debt for three billion dollars to Russia (a so-called debt of Yanukovych). On Friday, September 14, has reported the Bloomberg agency about it. The judge has decided that the court of the first instance mistakenly didn't begin to consider arguments of the Ukrainian side. Thus, now case will be heard within the full-fledged procedure that will delay a possibility of collection of debt in favor of the Russian Federation, notes the agency. The first Deputy Prime Minister and the Minister of Finance of the Russian Federation Anton Siluanov has noted that though the judgment of London and postpones the decision on a dispute of Russia and Ukraine on eurobonds for $3 billion, but the Russian Federation still waits for a verdict in own favor. "The decision of the court of appeal consists in the following - from four arguments of the Ukrainian side isn't supported three. On one of them the Court of Appeal of England has made the decision on carrying out deeper, detailed studying of a question. It is about granting the credit to Ukraine allegedly under the influence of the Russian side", - the first Deputy Prime Minister has explained. "We will appeal to the Supreme Court of England and are sure that the English justice will be able objectively to understand and make the relevant decision. The present decision postpones the final decision on settlement of a dispute between the Russian Federation and Ukraine for some time. We hope that the following instance, higher instance, will finally make the objective decision", - Siluanov has told. In 2013 Moscow has redeemed the Ukrainian eurobonds for three billion dollars on non-market conditions. Until the end of 2015 Kiev regularly serviced a debt, however then has allowed a default on these bonds. The Russian Ministry of Finance has submitted a claim to the High Court of Justice and in March, 2017 has won it: the court has obliged Ukraine to pay to Russia the par value of bonds - three billion dollars, the sum of unrealized coupon payment - 75 million dollars and also penal percent. Every day delay costs Kiev 673 thousand dollars. Later Ukraine appealed against this decision in Court of Appeal. News from the Correspondent.netv of Telegram. Subscribe for our channel



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