KIEV: Kiev vowed on Thursday to fight Russia’s demand for the full repayment of a US$3 billion (RM12.53 billion) loan it issued to Ukraine in 2013 under ousted Moscow-backed president Viktor Yanukovych.
Russia on Wednesday filed a lawsuit with the High Court in London after the two sides failed to reach a private settlement over the debt.
The eurobond was issued on the Irish Stock Exchange and is governed by English law.
“Ukraine intends and is fully ready to decisively defend its interests concerning these eurobonds in the English court,” the finance ministry said in a statement.
Kiev had been due to repay the …read more
Source: theSun
