Russia has filed a suit against Ukraine in London's Court of International Arbitration to recover a $3 billion loan, Russian Finance Minister Anton Siluanov has said.
“Today the Finance Ministry of Russia has filed a lawsuit against Ukraine in London's Court of International Arbitration to recover $3 million bond and refund of courts costs to the Russian Federation,” Siluanov said, RIA Novosti reports.
According to him, the suit was filed after “repeated unsuccessful attempts” to call on Ukraine to hold talks on debt restructuring.
As a reminder, Russia bought Ukraine’s government bonds worth $3 billion in late 2013. According to experts, this step was considered to be a reward to then-president Viktor Yanukovych for abandoning the plans to sign a European Union Association Agreement.
Yanukovych was officially deprived of power in February 2014 following large-scale people’s street protests.