Russia files lawsuit against Ukraine over $3bn debt

Russia has filed a lawsuit against Ukraine at London’s High Court over a $3bn (£2.1bn) debt. The action was taken following unsuccessful attempts to agree on a debt restructuring, Russian Finance Minister Anton Siluanov has said. Ukraine announced in December that it would not make the repayment, claiming that Russia had refused to accept terms […]

Russia has filed a lawsuit against Ukraine at London’s High Court over a $3bn (£2.1bn) debt.
The action was taken following unsuccessful attempts to agree on a debt restructuring, Russian Finance Minister Anton Siluanov has said.
Ukraine announced in December that it would not make the repayment, claiming that Russia had refused to accept terms offered to other creditors.
The countries have been at loggerheads since Russia annexed Crimea in 2014.
The $3bn eurobond had a maturity date of 20 December of last year. It was issued in late 2013, shortly before pro-Russian President Viktor Yanukovych was removed from power following massive protests.