Moscow plans to sue Kiev in London’s Court of International Arbitration to recover a $3 billion loan Ukraine failed to repay in December. Kiev has defaulted on the payment, and asked the Kremlin to be flexible in restructuring the debt.According to Russian Finance Minister Anton Siluanov, the lawsuit was filed after repeated unsuccessful attempts to encourage Ukraine to talk on debt restructuring. Moscow wanted Kiev to recognize the debt as sovereign with restructuring terms better than those proposed by Ukraine to its private creditors.
Siluanov is confident the London court will be open and unbiased.
The Finance Minister added that Russia …read more
Source: Iran English Radio
