Russia plans to sue Ukraine in an English court to recover a multibillion-dollar loan Moscow made to Kyiv in December 2013, just weeks before Ukraine’s then-President, Viktor Yanukovych, facing a popular uprising, fled to Russia.
Russian Prime Minister Dmitry Medvedev has ordered officials to prepare a lawsuit against Ukraine for refusing to pay the $3 billion Eurobond debt.
Earlier this month, Ukrainian Prime Minister Arseniy Yatsenyuk announced Ukraine would stop payments on the debt because Russia refused to restructure it. He also canceled $507 million of commercial debt owed by Ukrainian companies to Russian banks.
Failure to pay
The halting of payments amounts to …read more
Source: Voice of America
