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LONDON, February 18. /TASS/. Cleary Gottlieb Steen & Hamilton LLP representing Russia in its action against Ukraine on $3 bln worth debt are confident the High Court of London will ultimately agree with Moscow’s position. "We are confident in the ultimate outcome. Russian Federation will prevail," David G. Sabel, the partner with Cleary Gottlieb Steen & Hamilton, told TASS on Thursday.
"I don't want to go into further details at this point," Sabel added. The next step of procedural action will be the acknowledgement of service by Ukraine’s representative. "Next step is March 4. Ukraine is to respond the acknowledgement of service. It is a standard procedure, they will acknowledge the service of process. After that the next step they will file a defense and that will be on 18 March," the partner said.
Sabel did not make any comment on the time the legal proceedings will take. He said this will depend on arguments furnished by Ukraine and whether it requested extra time.
The High Court of London registered Russia’s action against Ukraine filed because of $3 bln debt, the Court told TASS earlier on Thursday. "The claim was filed in the Financial List [the disputes trial system - TASS] on the 17th February," a Court’s representative said.