UK Supreme Court backs Ukraine over Russian 'duress' loan

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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.

LONDON, United Kingdom - 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.

"Today Ukraine secured another decisive victory against the aggressor, this time in the UK Supreme Court in the $3bn bonds case," Zelensky tweeted. Ukraine argues that it was forced to issue the Eurobonds to Russia under duress, shortly before Moscow invaded Crimea in 2014.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.

 

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