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Today, November 11, the Supreme Court of the United Kingdom heard the latest explanations from Ukraine in support of its position that USD 3 billion worth of Eurobonds were issued in 2013 as a result of coercion by Russia.
This was reported by UA with reference to the website of the Ministry of Finance of Ukraine.
During today’s hearing in the Supreme Court of the United Kingdom, Ukraine took the opportunity to once again present its legal position on the lawsuit filed against it by Russia in connection with Eurobonds worth USD 3 billion. These Eurobonds were issued in December 2013 in the form of ordinary debt instrument traded on the stock exchange, but 100% of which was repurchased by the Russian Federation, which indicates the extreme uniqueness of the situation.
Ukraine has consistently argued that as a result of Russia’s threats to issue Eurobonds and acts of both economic and military aggression by Russia, Ukraine was deprived of its choice and, as a result of coercion by Russia, Ukraine eventually entered into Eurobond agreements.
Accordingly, Ukraine’s position is that either the bond issue should be declared invalid by a court due to coercion, with the investigation of Russia’s actions in court under the full procedure in open court. Or it would be fair to suspend the proceedings if the English court considers that, for procedural reasons, the court is unable to consider the arguments of Ukraine’s line of defense. This is the position stated by the British Court of Appeal in its very important decision, which was adopted in September 2018.
Ukraine remains confident in the positive outcome of the case, which was initiated as one of the elements of the overall strategy for Russia’s aggression against Ukraine, which Russia continues to implement today. Ukraine reaffirms its intention to resolutely oppose the manifestations of aggression on the part of Russia.
It is expected that after today’s hearing, the Supreme Court will complete the preparation of the decision and proceed to its issuance.
To remind, the High Anti-Corruption Court arrested Yanukovych in absentia
