Contents tagged with 3 billion debt
Ukraine may be able to prove in court that the country cannot pay the debt owed to Russia due to ongoing attacks.
According to an attorney, Kiev may even make a counterclaim against Russia. Ukraine may not only be able to overturn the $3 billion debt owed to Russia, which was borrowed by the government of the former president, Victor Yanukovch; but the country may make a counterclaim against Moscow due to the destruction and loss created during the military invasions in Crimea and the Donbas. …
According to the Press Center of the Ministry of Finance, Ukraine has announced its readiness to resume negotiations with Russia on restructuring the Eurobond worth $3 billion.
"Despite any legal actions and without bias towards the whole debt situation, Ukraine is ready to negotiate in good faith with Russia about the restructuring of $3 billion worth of Eurobonds, which should have been paid in December of 2015," the Press Center stated.
The Ministry of Finance has taken into account the …
The Ukrainian Government confirmed its decision to impose a moratorium on the payment of debt to the Russian Federation worth $3 billion, that was loaned to the government of Viktor Yanukovych in 2013. In December of 2015, it was recognized as an official debt of Ukraine.
This was said by the Prime Minister of Ukraine Arseniy Yatsenyuk during a Cabinet meeting.
"We succeeded in stopping the military aggression of Russia, and now we are stopping the economic, financial and diplomatic …