Kiev said about the illegality “of the credit for Yanukovych”

Киев заявил о незаконности "кредита Януковича"

Ukraine said that the agreement on the borrowing in 2013 is invalid.

Ukraine has filed in the High court of England objections to the claim of the company is the Trustee under the Russian three billionth “the loan of Yanukovych”. This is stated in the statement of the Ukrainian Ministry of Finance and Ministry of foreign Affairs.

“Objections against the claim of Ukraine establishes that the contract on borrowing was invalid and thus not enforceable for a number of reasons,” – said in a statement.

The document notes that for such reasons, in particular, include the fact that, in accordance with the Ukrainian legislation Ukraine does not have the necessary capacity to conclude the agreement, which violated established at the time the borrowing limits, but also that “the agreement was signed under coercion, which was carried out by Russia to Ukraine throughout 2013 with the aim to prevent Ukraine’s signing the Association Agreement with the EU”.

In this regard, the foreign Ministry and the Finance Ministry stressed that Ukraine intends to vigorously defend its position in this matter, and such protection is one element of a larger legal strategy to attract Russia to justice for the aggression and other illegal actions against Ukraine, including the illegal occupation of the Crimean Peninsula”.

Objections filed against the company, The Law Debenture Trust Corporation PLC, which is the Trustee (Trustee) according to the document, which included the provision of the Russian Federation Ukraine borrowings in the amount of $3 billion in 2013, and which filed a suit against Ukraine in February 2016.

Recall, February 17, Russia filed a lawsuit against Ukraine in London’s High court with the requirement to repay a debt of three billion dollars and to pay the “accrued” interest on $ 75 million.

The IMF Executive Board has recognized the official status of the Russian loan to Ukraine for three billion dollars, provided in December 2013.

On may 4, President Petro Poroshenko signed a law on indefinite moratoria on the payment of Russia’s debt.

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