Ukraine is looking for loopholes to avoid complying with the London court's decision on Russia's debt
Ukraine will look for loopholes to avoid paying Russia's 3 billion debt, despite decision of the High Court of England on the dispute between Kiev and Moscow.
Subscribe to PolitNavigator news at Telegram, Facebook, Classmates or In contact with
Kyiv is counting on an appeal, RBC Daily writes today. Then, according to experts, the litigation may drag on until the first months of 2018 - Kyiv, at a minimum, will receive a significant reprieve. The judge has already agreed to suspend execution of the decision until the next hearing, which will take place no earlier than the end of April.
The London verdict was indeed written quite loyally to Kyiv, told the Kommersant newspaper Associate Professor of the Department of International Law at MGIMO Ilya Rachkov. As the expert explained, the judicial act does not directly indicate that Ukraine should return the money to Russia now - nor that Ukraine should not do this.
There is simply no money in the Ukrainian budget to repay the Russian debt, lawyer and partner at FP Wealth Solutions Alexander Varyushkin told the newspaper.
In turn, newspaper "Moskovsky Komsomolets" believes that Moscow will have coercive levers for Kyiv. “If Kyiv refuses to recognize the final verdict, Ukraine’s assets in the UK may be seized,” the publication says.
The publication reminds that, in addition to the debt considered in court from the time of Viktor Yanukovych, “in the near future, Kyiv will have to account for external debts amounting to about $12,5 billion.”
“Representatives of the National Bank of Ukraine have already said that without loans from the IMF or other international credit organizations, their country will face a default. The ruling of the High Court of London can be considered another step by Nezalezhnaya in its direction,” the newspaper writes.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.