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High Court of London registers Russia’s action against Ukraine on $3 bln debt

The Russian Finance Ministry filed a lawsuit against Ukraine to the London’s High Court of Justice for non-payment of a $3 bln loan

© Dan Kitwood/Getty Images

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Russia files lawsuit against Ukraine to London court for non-payment of $3 bln loan

LONDON, February 18. /TASS/. The High Court of London registered Russia’s action against Ukraine filed because of $3 bln debt, the Court told TASS on Thursday.

"The claim was filed in the Financial List [the disputes trial system — TASS] on the 17th February," a Court’s representative said. "Names of parties are: The Law Debenture Trust Corporation PLC versus Ukraine represented by the Minister of Finance of Ukraine acting upon the instructions of the Cabinet of Ministers of Ukraine," the source added.

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"The Financial List is part of the Commercial Court," the court’s representative said.

The Financial List established in July 2015 is a specialist list set up to handle claims related to the financial markets with the amount of claims over 50 mln pounds sterling ($71.8 mln). Cases assigned to the Financial List will be managed and heard by specialist judges so as to provide fast, efficient and high quality dispute resolution of claims.

The Russian Finance Ministry filed a lawsuit against Ukraine to the London’s High Court of Justice for non-payment of a $3 bln loan, Russian Finance Minister Anton Siluanov told journalists Wednesday. Ukraine was to pay the debt on December 21, 2015. On December 31, the grace period to settle the dispute expired. The Russian Finance Ministry has not received any direct offers from Kiev.

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