On June 10, the Ministry of Finance of Ukraine will appeal the High Court of London’s decision on the Russian Federation’s suit against Ukraine regarding Eurobonds worth $3 billion.
This was announced to journalists by Ukrainian Finance Minister Oleksandr Danylyuk, Interfax-Ukraine reports.
Danylyuk specified that this date corresponded with what had been previously planned and added that it might only be pushed back for one day at the most.
On March 29, the High Court of London considered Russia's lawsuit against Ukraine regarding the case of Eurobonds for $3 billion in “accelerated mode” at the Russian Federation’s request. The Ministry of Finance of Russia reported that the court obliged Ukraine to pay off the Eurobonds and pay the interest.
After that, the Ministry of Finance of Ukraine announced that the High Court of London had allowed Ukraine to appeal, suspending its decision to pay the debt to Russia.
Ukraine owes Russia $3 billion in controversial bonds that were issued in late 2013 as part of assistance to the regime of Viktor Yanukovych in exchange for turning down the Association with the European Union.
President Vladimir Putin promised Yanukovych $15 billion but because of the events of Euromaidan he eventually issued only $3 billion.