The Cabinet of Ministers of Ukraine has approved a draft presidential decree on amending Paragraph 1 of the procedure for protecting rights and interests of Ukraine when settling disputes in foreign jurisdiction agencies with participation of a foreign entity and Ukraine.

The decision was made at a cabinet meeting on Thursday.

Finance Minister of Ukraine Natalie Jaresko said that the amendments would facilitate the procedure for protecting Ukraine at international courts.

Earlier Finance Minister of Russia Anton Siluanov said that the Russian Finance Ministry filed a lawsuit in the High Court of London on February 17 to secure repayment of the $3 billion debt owed by Ukraine, after goodwill talks with Ukraine failed to work out.

The Finance Ministry said the representative in the interests of Russia will be the international legal company, Cleary Gottlieb Steen & Hamilton, which has consulted with Russia for the last several years.

In turn, Ukraine several times proposed that Russia joined other creditors to hold negotiations on debt restructuring and the country is ready to protect itself in courts.

The Ukrainian government has foreseen funds to finance litigations over the non-payment on $3 billion eurobonds bought by Russia in the 2016 national budget, Ukrainian Prime Minister Arseniy Yatseniuk said on December 29, 2015.