The Ministry of Finance of Ukraine on Friday, June 23, was sent to the English court of appeal documents required to initiate appellate review of decisions of the High court of London of March 29, 2017 relative to the Eurobonds for 3 billion USD owned by the Russian Federation. About Toms posted in General in a press-service of the Ministry.
“Ukraine is confident in the arguments of the appeal and win in the court of Appeal at the appropriate time”, – notes the Ministry of Finance.
According to the Department, the appeal hearing has been tentatively scheduled for the second half of January 2018.
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.
