Ukraine is ready for litigation with Russia about debt restructuring terms, Ukrainian Prime Minister Arseniy Yatsenyuk has said.
"In particular, we are ready to fight the Russian Federation in court," he said at a joint press briefing with Finance Minister Natalie Jaresko in Kiev on Oct. 15.
Ukraine already has a number of legal disputes with Russia, he said. "There are two baseline legal disputes ongoing in the European Court of Human Rights, and the court has chosen January 1, 2016 as the date for receiving Russian explanations about these disputes. We are asking Russia not to hesitate and not to ask the court to defer the proceeding as it has done before," the prime minister said.
There are also a number of commercial and arbitration proceedings against Russia, including those initiated by state-run companies that incurred damages and lost their assets in Crimea and the Donetsk and Luhansk republics, he said.
Russia has a chance to join the creditor club and to accept the Ukrainian debt restructuring proposal, Yatsenyuk said.
"Let me once again note the opportunity [of Russia] to accept the offer and, by doing so, to become part of the creditor club: to accept the Ukrainian [debt restructuring] offer and to gradually receive the debt on the terms that any other creditors can receive part of the debt and on the terms that any other creditors have agreed to write-off the debts," the prime minister said.
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