Ukraine prevails over Russia in $3B bond dispute.
TL;DR
The UK Supreme Court has ruled that Ukraine can go to trial to avoid repaying $3 billion in loans it said it took under pressure from Russia in 2013 to prevent it from trying to join the European Union. The court rejected a bid by a British company acting on Russia’s behalf to order Ukraine to repay the loans without facing a trial. The ruling said a court could consider whether the deal was void because of threats or pressure that are illegitimate under English law.
- Court: Ukraine can try to avoid repaying $3B loan to Russia Yahoo Finance
- Russia Is Blocked From Collecting $4.5 Billion in Ukraine Bond Dispute The Wall Street Journal
- Ukraine Wins UK Supreme Court Case Over $3 Billion Bond Default Bloomberg
- Ukraine hails early 'victory' over Russia in Eurobond case DW (English)
- U.K. Supreme Court Rules in Favor of Ukraine in Russian Bond Case TIME
Want the full story? Read the original reporting
Read on Yahoo Finance