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 Ukrainian Politics, Economics
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 Ukraine files defense to claim on 'Yanukovych's debt' with English High Court of Justice

Ukraine has filed with the English High Court of Justice its defense to the claim brought against it in February 2016 by The Law Debenture Trust Corporation PLC today, Friday, 27 May 2016.

Censor.NET reports citing joint statement of the Ministry of Finance of Ukraine and the Ministry of Foreign Affairs of Ukraine.

The satatement reads: "Today, Friday, 27 May 2016, Ukraine has filed with the English High Court of Justice its defense to the claim brought against it in February 2016 by The Law Debenture Trust Corporation PLC, acting as the Trustee named in the instrument governing a $3 billion loan by the Russian Federation to Ukraine negotiated by the government of former President Yanukovych in Dec. 2013 with the Russian Federation.

Read more: Poroshenko signs law on unlimited moratorium for Yanukovych's debt payments to Russia

"Ukraine's defense explains that the loan agreement is invalid and unenforceable for multiple reasons, including that, as a matter of Ukrainian law, Ukraine lacked the capacity to enter an agreement that violated the borrowing limits then in place and that the agreement was procured through duress exerted by Russia on Ukraine throughout 2013 in order to prevent Ukraine from signing an Association Agreement with the EU.

"Ukraine intends to defend this action vigorously as part of a broader legal strategy designed to hold Russia to account for its aggression and other unlawful conduct against Ukraine, including the unlawful occupation of the Crimean peninsula."

Read more: Russia officially refused to extradite Yanukovych to Ukraine, - Horbatiuk
 
 
 
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