"Ukraine has filed an objection to the High Court of England against a claim made by The Law Debenture Trust Corporation PLC appealing against Ukraine in February 2016. The plaintiff is the trustee according to the document, which included the granting of a loan in the amount of $3 billion by the Russian Federation to Ukraine, which was a result of the conclusion of agreements reached by the government of former President [Viktor] Yanukovych with the Russian Federation in December 2013," the statement reads.
The Ukrainian Foreign Ministry described the agreement as invalid and therefore non-binding.
Moscow disagrees with Kiev's stance that the bond is part of an external commercial debt, arguing that the bond is a sovereign loan, provided by one country to another.
Moscow has repeatedly stated that Ukraine's failure to pay back the debt by December 20, 2015, should be classified as a default.
