Ukraine's President Volodymyr Zelensky declared a 'decisive victory' over Russia in a UK court after judges ruled Wednesday that a long-running financial dispute can go to a full trial.
But Ukraine refused, contending that Russia had sought to deflect it from closer engagement with the European Union by binding it into an unfair arrangement.
Russia brought the case in February 2016, arguing it was only suing “after repeated unsuccessful attempts to engage Ukraine in constructive dialogue about restructuring the debt”.But that was overturned on appeal, and a panel of five judges on the Supreme Court unanimously sided with Kyiv, agreeing with the appeals court that Ukraine has “an arguable and justiciable defence of duress”.
Their judgement concerns only the circumstances of the loan at the time, and not Russia’s invasion of the rest of Ukraine last year.Kindly share this story: All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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