UK: Russia-Ukraine Eurobond case goes to Supreme Court

SOT, official (Ukrainian): «From the embassy.» SOT, reporter (Russian): «From the embassy? Can you comment the court's verdict?» SOT, official (Ukrainian): «The court's verdict will be commented by the Ministry of Finances and Rada (Parliament).» SOT, reporter (Russian): «We want to.» SOT, official (Ukrainian): «There were the representatives of your country and you can record them.» SOT... Еще, reporter (Russian): «We will record them, we want to understand why Ukraine refuses to pay the debt?» SOT, official (Ukrainian): «Turn for the comments to competent ministries and they will comment.» SOT, reporter (Russian): «So you are not going to comment it?» SOT, official (Ukrainian): «No.» SOT, reporter (Russian): «But you were at the trial, you know the position.» SOT, official (Ukrainian): «You also were at the trial and you also know the position.» SOT, reporter (Russian): «But we want to understand, the process has to take a lot of time, yes? There's a decision.» SOT, official (Ukrainian): «I told you, we are not commenting [inaudible].» SOT, reporter (Russian): «So, and therefore you are not going to pay? Do I understand it correctly?» SOT, official (Ukrainian): «Once again, we are not entitled to comment.» SOT, reporter (Russian): «Oh, so you have no right to comment?» SOT, official (Ukrainian): «As I said — no.» SOT, reporter (Russian): «Thank you.» *LOOSE TRANSLATION AT SOURCE* Britain's Court of Appeal upheld Ukraine's request to appeal to a High Court verdict in a dispute with Russia over a $3 billion (€2,77 billion) Eurobond, in London on Friday. Moscow bought Ukrainian Eurobonds in 2013, before Ukraine defaulted in December 2015. Ukraine later disputed the validity of the loan on the grounds of «duress» arising from «Russian aggression», with regard to Crimea's secession and the events in eastern Ukraine. Judges found that Ukraine's case should be the subject of a trial, after the country appealed against a previous ruling that it did not provide «justiciable defence». The dispute will be now settled by the Supreme Court.

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