British court to hear Russian complaint over Kyiv's $3 Billion default:
Britain's High Court in January will hear a case Moscow has filed against Ukraine for defaulting on a $3 billion eurobond, a deputy Russian finance minister has said.
"The court hearing has been set for January 17-20. The hearing will last three days," Deputy Finance Minister Sergei Storchak said on September 8.
Russia provided Ukraine with the $3 billion loan in late 2013 when Moscow-backed Viktor Yanukovych was president. But Yanukovych was ousted by a popular uprising two months later.
After failing to reach a settlement on repaying the loan, Kyiv stopped making debt payments in December, arguing that Moscow lent Yanukovych the money as a kind of bribe.
Moscow, which is suffering from a protracted recession, took its case to court rather than grant Kyiv a discount on repayment of the loans. It filed a lawsuit in London in February.
It is one of several major lawsuits lodged in various international courts between the two former allies turned arch-foes, which include disputes over natural-gas contract prices, the Crimean Peninsula that Russia annexed in 2014, and war damage in east Ukraine, where Russia-backed separatists are fighting Kyiv government forces. (AFP, TASS)
This ends our live blogging for September 8. Be sure to check back tomorrow for our continuing coverage.
Here is today's map of the security situation in eastern Ukraine, according to the National Security and Defense Council (click to enlarge):
