Ukraine to defend interests in Russian $3 bln eurobond suit in UK court

The Ukrainian Finance Ministry confirmed that The Law Debenture Trust Corporation Plc, acting as trustee on behalf of the Russian Federation, has formally commenced proceedings in the High Court in London against Ukraine over $3 billion in Eurobonds that matured in December 2015.

"Ukraine intends and is completely ready to resolutely defend its own interests in these eurobonds in the British court," the ministry said in a statement.