London’s high court has postponed a decision on the results of today’s regular meeting at the suit of Russia against Ukraine. About it reports a press-service of the Ministry of Finance of Ukraine.
“During the meeting of may 26, 2017 in the High court in London Mr justice Blair considered a number of unresolved questions on the decisions rendered by the court on March 29, 2017 summary procedure. In particular, the court considered the statement of Ukraine on further suspending the execution of the judgment pending its review of the appeal of Ukraine in the English court of Appeal which will take place no earlier than 2018. Given the complexity of the issues, the Judge decided to postpone its decision”, – stated in the message.
We will remind, Ukraine has received from Russia a loan of 3 billion dollars under President Viktor Yanukovych in December 2013, Russia was planning to give Ukraine $ 15 billion loan, however, before broke the key events of the revolution of dignity, to allocate only managed the first tranche.
Kiev insisted on the recognition of commercial debt with its subsequent restructuring and debt write-downs. In turn, Russia has refused the restructuring on the terms taken by private creditors of Ukraine, and demanded to recognize the government debt.
The IMF has recognized the sovereign nature of the debt, but retained the ability to continue financing of Ukraine, despite the default on this debt.
In December 2015, the Ukrainian government imposed a moratorium on debt payments on these Eurobonds.