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Ukraine to continue upholding its position on Russia’s $3bln debt lawsuit in London court

London’s High Court has ruled to hear the case of Ukraine’s $3 billion sovereign debt to Russia in an expedited procedure

© Alexandr Demyanchuk/TASS

KIEV, March 29. /TASS/. Ukraine will continue upholding its position in London’s High Court on Russia’s $3 billion debt lawsuit, Ukrainian Finance Minister Alexander Danilyuk said on Wednesday.

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London High Court to hear Russia’s lawsuit on Ukraine’s $3bln debt in expedited procedure

"Today’s decision is the first stage. Ukraine has received the judge’s permission for an appeal. At the next session that will take place no sooner than the end of April, the Ukrainian side will continue safeguarding its position and defending state interests," he said.

London’s High Court ruled on Wednesday to hear the case of Ukraine’s $3 billion sovereign debt to Russia in an expedited procedure.

The court thus supported Russia’s position on the case’s expedited examination.

The Ukrainian side, on the contrary, insisted on a full-scale judicial process that would include the study of all the political aspects of the case.

The court also rejected all of the objections by Ukraine, which claimed that the loan provision had been an instrument of political pressure.

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