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Court: Ukraine can try to avoid repaying $3B loan to Russia

KIFI

By BRIAN MELLEY
Associated Press

LONDON (AP) — The U.K. Supreme Court has ruled that Ukraine can try to avoid repaying $3 billion in loans it said it took under pressure from Russia in 2013 to prevent it from trying to join the European Union. The court on Wednesday rejected a bid by a British company acting on Russia’s behalf to order Ukraine to repay the loans without facing a trial. Ukraine said it borrowed the money while facing the threat of military force and massive illegal economic and political pressure nearly a decade before Russia invaded its neighbor. The loans were issued before Russia illegally annexed Ukraine’s Crimea peninsula in 2014, and the case was heard before Russia invaded Ukraine last year.

Article Topic Follows: AP National Business

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