Russia’s finance ministry said it was suing Ukraine for defaulting on a $3-billion debt to Moscow, following an order by President Vladimir Putin.
Ukraine’s capital Kiev is “in a state of default” regarding its obligations toward Moscow and legal proceedings would ensue, the ministry said.
Russian President Vladimir Putin speaks during his annual press conference in Moscow on December 17, 2015. AFP PHOTO / NATALIA KOLESNIKOVA
“Russia’s finance ministry has initiated procedures required for an immediate lawsuit against Ukraine,” the statement said, adding that the lawsuit would be heard in a British court.
Ukraine announced last month it would not make the payment on …read more
Source: Malaya Business Insight
