UK High Court orders Kiev to pay back Russian debt
On Wednesday, the British High Court in London ruled that Kiev had no justifiable defense for failing to pay its debt to Russia.
Published: March 30, 2017, 10:20 am
The Russian Foreign Ministry said in a statement that Moscow considered the ruling as “final and obligatory”.
“After reviewing the Russian request for quick hearings of the Russian lawsuit, the High Court in London ruled that Ukraine must pay off the nominal sum of the Eurobonds in the amount of $3 billion, as well as the accumulated interest,” the statement read.
The debt dates from late 2013, and Russia has repeatedly stated that Ukraine’s failure to pay back the debt should be classified as a default.
In February 2016, Russia filed a lawsuit against Ukraine with London’s High Court of Justice, demanding that the Ukrainians pay back the loan.
“Ukraine has some arguments, but all of them are feeble and related to politics, not to legal norms. Of course, the majority of financial transactions in Ukraine are currently related to politics. Neither the World Bank nor other financial institutions would unveil a loan to such an economically and politically unstable country as Ukraine. This is why the government and the Ukrainian National Bank hope that the argument will work again,” a Russian official told Radio Sputnik.
However, he suggested that this time, the “we don’t have money scenario” will not work out.
“Ukraine has no choice but to pay it back. Otherwise, this case would undermine prospects for any future loans. Of course, Kiev will drag its heels. But the ‘we don’t have money and won’t pay’ scenario will not work out. I can’t rule out that some international financial institution may provide Kiev with money to settle the debt. Ukraine always borrows to repay other debts,” he added.
All rights reserved. You have permission to quote freely from the articles provided that the source (www.freewestmedia.com) is given. Photos may not be used without our consent.
Consider donating to support our work
Help us to produce more articles like this. FreeWestMedia is depending on donations from our readers to keep going. With your help, we expose the mainstream fake news agenda.
Keep your language polite. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in, for example, Germany. Illegal content will be deleted.
If you have been approved to post comments without preview from FWM, you are responsible for violations of any law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.
If your comments are subject to preview by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.
We reserve the right to delete comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.
WarsawIn Poland, a change in the law on asylum has come into force, according to which migrants entering the country illegally can more easily be expelled. The background to this is a sharp increase in the number of illegal entries via Belarus.
ParisFlorian Philippot, the leader of the Patriots party in France, targeted "Macron and his clique who have misled the state, even more than their sinister predecessors". But Philippot does not have the same voter allure as Marine Le Pen or Eric Zemmour.
BerlinMostly claiming the old and very sick, there has been a notable trend of promoting iatrogenic treatment (where the cure was worse than the disease) including excessive use of invasive mechanical ventilators and ineffective and expensive Big Pharma drugs like Remdesivir to treat a pandemic allegedly created by a "bat" from Wuhan in China.
Antwerp In Antwerp, Belgium, rappers display their violence in videos and call for robberies and knife attacks. These young people do what is called “drill”, a musical sub-genre of hip-hop launched in the late 2000s by young rappers and producers from the South Side neighborhoods of Chicago. The drill is characterized by lyrics with violent, morbid, dark content and an irregular rhythm.
BerlinDoubts about official SARS-CoV-2 figures from the German government have increased: Almost half of the country fear an eternal Corona dictatorship.
BrusselsWith the help of Big Data and new technologies, NATO intends to change not what people think, but how they think. And thus "to make everyone a weapon".
LondonBritish Prime Minister Boris Johnson invited around 20 business people to dinner in London on Monday, including Bill Gates and Jamie Dimon, the boss of JPMorgan Chase. Together with these individuals, Johnson wants to build a “Global Britain”.
StockholmIn the Sweden Democrats, a heated discussion has flared up after a Member of Parliament Roger Richthoff, who is also a regular member of the Defense Committee, attracted attention in the media for critical comments about Covid-19 vaccination.
BudapestIn the spring of 2022, the Hungarian opposition believe they will have the opportunity to defeat Viktor Orban, who has been in power since 2010.
Meteorologists are warning of an extremely cold and snowy winter. The amount of snow in the northern hemisphere is already hundreds of gigatons larger than normal for the season and the South Pole has measured the coldest winter ever since measurements began there. This is astonishing climate news that the system media has chosen to completely ignore.