Verdict of London's court on "Yanukovich debt" will be in April

Wed, 08.02.2017 17:16

Ukraine's Finance Ministry expects that the High Court of Justice in England will rule in April on Ukraine's $3 billion debt taken by the government of ex-president Viktor Yanukovych from Russia in late 2013, according to Finance Minister Oleksandr Danyliuk.

"As for the debt, there were three-day hearings in London two weeks ago. Ukraine presented its position. The judge is currently working on a verdict. No one knows what it will be. My own feeling is that the ruling will be in our favor," Danyliuk said at a press conference in Kyiv.

"At the same time, the parties are not expected to communicate with each other – it concerns both Russia and Ukraine. This is the rule of the High Court in London. We are waiting for the ruling. It may take some time. We expect it will happen in April," the minister added.

As reported 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."

Source: UNIAN

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