The Finance Ministry believes that the prospect of a decision by the judges of the Supreme Court of the United Kingdom on an appeal in the case of Russian Eurobonds worth USD 3 billion by the end of this year looks unlikely (the so-called “Yanukovych loan” case). This was reported by the press service of the Ministry of Finance.
On June 15, 2020, the court informed Ukraine and the Russian Federation that, pending a ruling on the USD 3 billion Eurobond case, it would first consider an appeal in another case – Pakistan International Airline Corporation vs Times Travel (United Kingdom) Ltd (Times Travel case).
The department noted that the Supreme Court decided to postpone the decision on the case, since the argument of the defense under duress is one of the lines of defense of Ukraine against the claim of Russia. During the hearings, which took place on November 2-3, Ukraine and the Trustee provided the court with their succinct written and explanations.
Upon completion of the hearing, the judges reported that the ruling had been postponed until a later date.
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