London begins hearing on Ukraine's 3 billionth debt

Recall that Russia filed a lawsuit to recover the debt and unpaid interest ($ 75 million) in February 2016.

“Eurobond of three billion dollars was placed on non-market conditions (with a coupon rate of 5% per annum) in favor of Ukraine at the end of 2013 of the year. Until the end of 2015, Kiev regularly serviced the debt, but then defaulted on these bonds. Kiev offered Moscow to restructure the debt on common terms with commercial lenders, but Russia insisted on the sovereign nature of the debt and offered a pre-trial solution to the issue. There was no counter-offer from Ukraine, so now the court must determine the outcome of the case, ”the agency reminds.

Late last year, Finance Minister Anton Siluanov said that Moscow has a high chance of winning a case in London. At the same time, he expressed regret that Kiev "imitated the activity on reaching agreements" more.

The objections of the Ukrainian side on the claim are based on the statement that the loan agreement "is invalid and is not subject to enforcement" for a number of reasons. One of the reasons is the alleged coercion carried out by Moscow throughout the entire 2013 year in order to prevent the signing of an association agreement with the European Union.

Comments

[n0isy]

Explain why we simply did not include warranty claims and did not recover 3 billion from Europeans. there they are under the contract. They are not just called Eurobonds.

[svp67]

Quote: n0isy

Explain why we simply did not include warranty claims and did not recover 3 billion from Europeans. there they are under the contract. They are not just called Eurobonds.

So I understand that certain procedures must go through.
Here it is interesting to know why the press is silent about the 15 points of the IMF REQUIREMENTS to Ukraine, the fulfillment of which is mandatory for consideration of further cooperation. In the same place, "GRAVE", for today's Ukraine ... These are not even "Minsk agreements"

[just exp]

are these some new requirements or even those from the 14th year?
if new then could you post them here?

[svp67]

Quote: just explo

if new then could you post them here?

Most interestingly, I managed to find only those that are considered NEW

1. The Cabinet of Ministers of Ukraine must decide by the end of January 2017 on the monetization of subsidies.
2. Pension reform. A new deadline is set - the end of March 2017. The current draft memorandum envisaged the adoption of the law on pension reform by the end of December last year. This did not happen, so the IMF tightened requirements. It is planned to gradually increase the retirement age: for men - by four months each year, starting in July 2017, for women - by six months after 2021, until the retirement age reaches 63 years for both - in 2027. It also provides for an increase in working experience up to 25 years from January 2017 with the introduction of a minimum insurance experience of 16 years. Now the required working experience is 15 years with a gradual increase in it per year until it reaches 35 years in 2036.
3. Land reform. The new deadline is the end of March 2017. The authorities were obliged to submit a law on the land market to parliament by the end of September last year, but this did not happen.
4. You must choose an international company with a good business reputation to conduct an audit of PrivatBank. The deadline is the end of January 2017. Auditors should identify if there have been irregularities in the preparation of the financial statements within six months prior to nationalization.
5. It is necessary to choose an international auditor to assess the fulfillment by the shareholders of PrivatBank of the restructuring conditions. The deadline is the end of June 2017.
6. Creation of a unified register of recipients of social benefits - until the end of June 2017. The idea of ​​creating a registry is not new. Its appearance is necessary, including to continue the process of verification of social benefits. So far, things have not moved forward from conversations and point-blank undertakings.
7. Creation of a legislative field for the work of anti-corruption courts. The deadline is until the end of June 2017.

Recall: the government and the National Bank of Ukraine expect to receive the fourth tranche of the loan from the IMF - $ 1 billion in February 2017.

[Tatyana]

Quote from the article
One of the reasons (according to the Kiev junta) is the allegedly taking place compulsioncarried out by Moscow throughout 2013 in order to prevent the signing of an association agreement with the European Union.

Outwardly, Kiev seems to be acting as illogical according to the principle - "There is an elder in the garden, but there is an uncle in Kiev!" But in fact, the junta Kiev hints to the “Committee of 300”, which is headed by Queen Elizabeth II of Great Britain, that “We (the Ukrainian junta in Kiev) are your loyal subjects, Your Majesty! We are members of one "gang" and Ukraine is now in your colonial pocket! So save us - the huntyash rulers in Kiev - from Russia, robbed by us! "
And something, looking at the war in Syria, I do not really believe in the objectivity of the London court in favor of Russia! If only in London for the benefit of the “Committee 300” to establish world domination of their financial oligarchy, compliance with the rule of law will not be higher than the surrender of their shady “sixes” in Kiev.

[Makarov]

Officially, there is no confirmation and the previous agreements are in force ....

[avt]

Quote: n0isy

Explain why we simply did not include warranty claims and did not recover 3 billion from Europeans. there they are under the contract. They are not just called Eurobonds.

Already wrote - this debt is primarily a tool for the lender to influence the borrower. And since it’s real

Quote: n0isy

Eurobonds.

That non-payment on it is already defaulted and this is the first item

Quote: svp67

15 points of IMF REQUIREMENTS for Ukraine,

today run to get a loan tranche. So the delay in setting the knife is sharp Kiev.

Quote: n0isy

did not include warranty claims and did not recover 3 billion from Europeans.

Then the debt becomes automatically commercial falls under the program already signed with the Franklin Templestones. So, like in the film, Lenin in October "-" Everything is going very well! "

[Pasha]

Super.
3 euros, at 000%, and 000 rubles. under 000%.
mortgage! bitch. it was necessary to take in euro bonds. I would have already settled.

[Stas157]

Quote: n0isy

Explain why we simply did not include warranty claims and did not recover 3 billion from Europeans. there they are under the contract. They are not just called Eurobonds.

It is also unclear why Putin did not claim the debt ahead of schedule! One of the important conditions for the issue of Ukrainian Eurobonds was a ban on exceeding the threshold level of the state debt of 60% of GDP. In case of violation of this condition, the holder of Eurobonds may demand their early repayment. Ukraine violated this condition in 2015. Anton Siluanov spoke about this publicly then.

[alexmach]

Because there are no guarantees there. EURO they are called because they are traded according to EURO rules. You do not ask the Europeans for a guarantee for your Euro-repair?

[Primipilus]

If the claim is satisfied, one can forgive the Khokhlov debt by recognizing Crimea as an integral part of the Russian Federation.

[Uncle Murzik]

Primipilus and why? Crimea and so ours!

[The black]

- And write me the amount of debt in words?
- What is your duty?
“Three billion dollars ...”
- Write in tears ...

[Primipilus]

In order to legitimize our territorial acquisitions. In order for Sberbank and others to enter the Crimea and not to overlook.

[Uncle Murzik]

Primipilus, but is it worth throwing beads in front of pigs, or who the Kuril Islands who Kaliningrad wants to! Was in the Crimea and did not hesitate and did not feel any discomfort, but I did not care about the sber!

[Skeptic Self-Taught]

Why on earth?

[210ox]

Uh, no, he must be returned. Collect all our collectors, the army will be typed. And forward, some with bats, some with threats .. In short, what they own, and forward to Kiev ..

Quote: Primipilus

If the claim is satisfied, one can forgive the Khokhlov debt by recognizing Crimea as an integral part of the Russian Federation.

[izya top]

well, will london spoil itself in trousers for political motives or will it not break the financial system?

[evil partisan]

Quote: izya top

London will spoil itself in bloomers

In these, chtoli ??:
It even seems to me that you won’t go there much ... Pigivet, Isenka? When will you return 100 shekels?
But in fact, in Ukraine about the trial in London, the mood is very sour. All local political scientists and economists talk about this. Ohrimeno, for example, or Dzhangirov with Bortnik. I also listened to someone on the same topic. Everyone says that the British for the sake of 3 billion will not dirty their reputation. By the way. The same goes for the Stockholm Arbitration.

[izya top]

Quote: Angry Guerrilla

.Piget, Isenka? When will you return 100 shekels?

healthy, Shmulik and for 100 shekels, this is how London decides

[Amurets]

Quote: Angry Guerrilla

In these, chtoli ??:

So these bloomers are not in London, but in Edinburgh.

[PValery53]

Really the high court of London will decide to take the side of Ukraine ?! - There will be a scandal! The Britons themselves will have to be punished.

[Black_PR]

[quote = Primipilus] If the lawsuit is satisfied, you can forgive the Khokhlov debt by recognizing Crimea as an integral part of the Russian Federation. [/ quo
Forgive ?! This is what a fright then? Their recognition of the Russian Crimea? But a wet oar with a swing so on .... well, you understand ..!

[BAI]

An obvious politicized decision in favor of Ukraine suggests itself. Moreover, there were precedents, and this is the most important thing for the English "justice" system. If they are not the first, then it is possible.

[kirieeleyson]

A week before the inauguration of Trump, the British begin the process, Biden apparently reassured Poroshenko, promising to resolve the issue before this date?))

[Berkut24]

Biden went to shake his son's questions. Gunpowder for him is already a fired cartridge. And Biden himself had already broken the capsule. He can no longer decide anything.

[Berkut24]

I hope that the "impartial EUROPEAN" court will take into account that Ukraine is NOT EUROPE.

[mole]

Ukraine is not Europe, and Britons after Brexit are an island.

[Berkut24]

If you only knew how many "good people" you have offended with one sentence. For some, Britain is the mainland, and Eurasia is an island across the strait. For others, it is generally a serious problem. We'll have to reissue the globe of Ukraine - after Russia, the USA must also be erased from it.

[private person]

For fun, let's vote who believes that Ukrainians will return 3 lard? I do not believe the howl will rise now that Russia is strangling a developing economy and the like. Generally not see us dough, and there are a million excuses geyroppa to provide Russia.

[rotmistr60]

Dodogalsi and I realized life and deception.
I do not complain about my unenviable share ...
Drive the favor. (x / f "Republic SHKID")

[gg.na]

London begins hearing on Ukraine's 3 billionth debt

It’s good that they begin ..., I would also write the end of this process with solutions.

[Wolka]

and judges who ... do not care about precedents and world practice, everything will be done so that Russia never won this court ...

[KVashentcev]

The court may win, but we will not see the money. But we’ll come for them somehow, Bismarck talked about so that they wouldn’t wake up the Russian bear ..

[savage1976]

Well, if our "partners" decide to flatter Hohlopstan, then Russia and many other countries will have a chance to get rid of a huge pile of their debts issued in the form of Eurobonds on the basis of the created precedent. And there the amounts will already be trillion. Good luck to our "partners", hee hee.

[newterra]

And when will they finish now?

[Vasyan1971]

And what, while the court and the case, the interest will continue to drop?