10:53 02.06.2016

Holosiyivsky court bans repayment of $3 billion 'Yanukovych's credit' to Russia

2 min read
Holosiyivsky court bans repayment of $3 billion 'Yanukovych's credit' to Russia

Kyiv's Holosiyivsky district court on May 30 banned law-enforcement agencies from paying $3 billion of the credit to the Russian Federation taken in December 2013 when Viktor Yanukovych was Ukrainian president.

The Sila Prava movement chaired by former lawmaker from the Batkivschyna Party Andriy Senchenko said on its website that judge Mykola Shkyrai satisfied the application for securing the claim of a representative of Sila Prava and acting head of Luhansk Regional Administration in May through September 2014 Iryna Verhina against Russia. Verhina demanded compensation for her moral and material losses caused by Russia's military aggression against Ukraine and occupation of a part of the territory of Luhansk region by Russia.

"The court adjudicated arrest claims under the trust agreement signed on December 24, 2013 by Ukraine and he Law Debenture Trust Corporation Plc and bans persons from taking legal steps to change or terminate these claims, or to transferring them to other legal bodies,' the court said.

The court ordered the suspension of payments on Ukraine's $3 billion debt to Russia and interest rates accrual under the trust agreement signed in 2013.

Ukraine's Cabinet of Ministers, Ministry of Finance of Ukraine, State Treasury of Ukraine, National Bank of Ukraine and other authorities are prohibited from making any payments to settle the debt.

The court order is to be urgently executed. It can be challenged within five days. The challenging procedure does not suspend its execution.

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