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Russia to file claim against Kiev for not paying eurobond debt at London Court — minister

January 13, 2016, 14:38 UTC+3 MOSCOW

The claim will be filed defore the end of January

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Russia’s Finance Minister Anton Siluanov

Russia’s Finance Minister Anton Siluanov

© Anna Isakova/Russian State Duma Press Office/TASS

MOSCOW, January 13. /TASS/. Russia is going to make claim against Ukraine to the London Court before the end of January, Russia’s Finance Minister Anton Siluanov said Wednesday.

On December 18, Ukraine’s Cabinet imposed a moratorium on payment of $3 bln debt to the Russian Federation. Ukrainian government also imposed a moratorium on the payment of $507 mln by two Ukrainian companies to Russian banks.

In December 2013, Russian President Vladimir Putin and the then Ukrainian President Viktor Yanukovych reached an agreement that Moscow would extend a $15 bln loan to Kiev through placing Ukrainian securities. Under the deal, $3 bln worth of bonds were listed on the Irish Stock Exchange on December 20, 2013 and purchased by Russia using the funds from its National Welfare Fund.

In December Ukraine failed to make a payment on the Russian loan of $3 bln. The deadline for redemption of bonds worth $3 bln was Sunday, December 20, 2015.

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