Ukraine prevails over Russia in $3B bond dispute.
TL;DR
The UK Supreme Court has ruled that Ukraine can mount a defense against a Eurobond lawsuit brought by Russia, centered on billions of dollars borrowed from Moscow by pro-Russian Ukrainian President Viktor Yanukovich. The court decision hinged on Ukraine's assertion that Moscow's threats of military force amounted to illegitimate pressure on Ukraine to assume the $3 billion debt in 2013. The ruling allows Ukraine to stave off any further repayments, and the Eurobond case will now go to a full public trial.
- Ukraine hails early 'victory' over Russia in Eurobond case DW (English)
- Court: Ukraine can try to avoid repaying $3B loan to Russia The Associated Press
- 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
- U.K. Supreme Court Rules in Favor of Ukraine in Russian Bond Case TIME
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Read on DW (English)