Update on the ongoing litigation before the English Court relating to the so-called Russian debt

5/26/17

The Ministry of Finance of Ukraine provides an update on latest developments in the litigation ongoing before the English Court relating to the USD 3 billion Eurobonds issued by Ukraine in December 2013.

At a hearing before Mr Justice Blair in the High Court in London on 26 May 2017, the Judge considered various outstanding matters that follow on from the summary judgment decision issued by the Court on 29 March 2017. In particular, the Court heard Ukraine’s application for a further suspension of the judgment becoming executable until such time as Ukraine’s appeal to the English Court of Appeal has been concluded, which would not be before 2018.

Given the complexity of the involved issues, the Judge decided to reserve his Judgment. The Judge will therefore take some time following today’s hearing to consider matters further, before issuing his decision in due course.

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