Log in
Welcome to the 

Ukrainian American Bar Association

Russia and Ukraine face off in London court over USD 3 billion loan dispute

03 Jan 2016 1:17 PM | Anonymous

Russia has formally initiated legal proceedings against Ukraine in London for refusing to repay a USD 3bn debt. Ukraine's Prime Minister Arseniy Yatsenyuk said Ukraine had prepared itself for court action after the country officially defaulted on the debt on 20 December. Despite deafulting the International Monetary Fund (IMF) changed its rules so that failure to repay the Russian debt did not disqualify Ukraine from receiving a IMF USD 17.5 billion dollar rescue package agreed with the pro-EU post- revolution government.   Ukraine Today.    Read More

Powered by Wild Apricot Membership Software