Russia appealed the decision of the High court of London on the “Ukrainian case”
The appeal will be held in the Supreme court of the United Kingdom no earlier than June 2019.
The company The Law Debenture Trust, representing the interests of Russia in case of Ukraine’s debt by $3 billion, filed in UK high court appeal against the decision of the court of Appeal of England. On Wednesday, November 14, Interfax reported with reference to the press service of the Ministry of Finance of the Russian Federation.
Appeal filed on arguments of Ukraine on the issue of Eurobonds under pressure from the Russian side.
It is expected that the appeal will be held in the Supreme court of the United Kingdom no earlier than June 2019.
We will remind, on September 14 the court of London dismissed the appeal of Ukraine on the debt of three billion dollars to Russia, holding that the court of first instance erroneously did not consider Ukraine’s arguments.
In 2013, Moscow bought Ukrainian Eurobonds for three billion dollars on market terms. Until the end of 2015 Kiev regularly serviced the debt, but then defaulted on these bonds.
The Russian Ministry of Finance filed a lawsuit in London’s High court in March 2017 won: the court obliged Ukraine to pay Russia the nominal value of bonds – three billion dollars, the amount of unrealized coupon payment is $ 75 million, as well as penalty interest.
Each day of delay costs Kiev in 673 thousand dollars. Ukraine later appealed this decision to the court of appeal.
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