With respect to the claim underway before the English Court
relating to the $3 billion Eurobonds held by the Russian Federation, the
Claimant, The Law Debenture Trust Corporation Plc, acting at the direction and
for the benefit of Russia, had been due to file its Reply to Ukraine's Defence on
July 15, 2016.
Instead, the Claimant has notified Ukraine that it will be
applying to the Court seeking summary judgment in respect of Ukraine's Defence
in the coming days. Ukraine awaits this application and, once received, will be
providing its formal response. This application is unlikely to be heard by the
Court until late 2016 at the earliest.
In the meantime, Ukraine reiterates the confident belief it
has in the merits of its case and its full commitment to contesting vigorously
Russia's claim to repayment of this alleged debt in all the circumstances of
Russia's egregious and repeated acts of unlawful aggression towards Ukraine.