UK court sides with Ukraine over bond default battle with Russia ...News

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UK court sides with Ukraine over bond default battle with Russia
Kiev’s defense that it accepted a $3 billion loan from Moscow under duress will go to full trial The UK Supreme Court has decided to send a case concerning Ukraine’s unpaid debt to Russia to a full trial, it was announced on Wednesday. The case focuses on $3 billion in Eurobonds that Moscow lent Kiev in 2013, which Ukraine later refused to pay, claiming it was a political credit that the country had been forced to take. According to the Supreme Court’s ruling, Kiev will be permitted to defend its claim at trial before the High Court “because Ukraine had an arguable and justiciable defense of duress.” Russia had so

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