Ukraine will appeal the decision of the High court of London on the debt dispute of Ukraine and Russia on Eurobonds at USD 3 billion until June 23, the press service of the Ministry of Finance of Ukraine.
“At the meeting, which was held in the English court on may 26, 2017, judge Blair extended the appeal of Ukraine for 14 days (from 9 June 2017 23 June 2017). Accordingly, the documents on the appeal in the extended time period”, – is spoken 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.