: :inin Kyiv (EET)

London Court greenlights expedited consideration of ”Yanukovych debt” case; Ukraine to appeal

The High Court of Justice in England on Wednesday, March 29, approved a motion for expedited consideration of Russia`s lawsuit against Ukraine regarding the so-called ”$3 billion Yanukovych debt,” having not recognized the validity of Ukraine`s arguments in this case, Finance Minister Oleksandr Danyliuk told a Kyiv briefing.

”We just received a London court ruling on the so-called Russian debt, which does not recognize the validity of Ukraine`s position and arguments in this matter,” said Danyliuk.

At the same time, the Minister of Finance noted that the court approved the filing by Ukraine of an appeal against the court`s ruling, and also froze any action on collecting the debt before the appeal is considered.

Earlier, the High Court of Justice in England on January 19 completed hearings on Russia`s request for the acceleration of a verdict on its lawsuit against Ukraine over the $3 billion debt taken by the government of ex-president Viktor Yanukovych in the last months in power.

It should be recalled that the Kremlin was dissatisfied with a decision taken by the International Monetary Fund to change its rules to allow lending to Ukraine without Kyiv paying back the so-called ”Yanukovych debt.”


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