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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Current Events > Russia, Central Asia, and The Caucasus > Ukrainian Crisis

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Ukrainian Crisis Discuss the unfolding crisis in Ukraine.

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Old 30 Mar 17, 14:47
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Ukraine losses to Russia

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In Europe's Other 'Divorce,' Ukraine Loses To Russia ... Again



As the world focuses on the "divorce" between the U.K. and E.U., another divorce court hearing for two other former partners was handed down today in London. In Ukraine vs. Russia on Wednesday, a U.K. court said Kiev still owes the Russians a cool $3 billion.


Russia lent Ukraine the money in 2013 under former President Viktor Yanukovich in the form of a Eurobond governed by English law. The money was mostly set up for Gazprom to be paid by Naftogaz, Ukraine's state run energy giant.


In his ruling today, British Judge William Blair said, "Ultimately this is a claim for repayment of debt instruments to which the court has held there is no justifiable defense. It would not be right to order the case to go forward to a full trial in these circumstances."


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