Russia Will Take Ukraine to English Court of Eurobond Default
Lesson Brief
Ведомости
Russia has officially initiated court proceedings against Ukraine for non-repayment of the $3 billion Euro bond loan given to Ukraine before the Maidan revolution. Russia has refused to restructure the debt repayment because it is considered a sovereign debt. The case will be seen by an English court, as stated in the structure of the loan.
Click and Match
- Eurobond
- еврооблигация
- necessary, required
- необходимый
- sovereign
- суверенный
- indebtedness, debts
- задолженность
- principal
- доверитель
- to implement, to execute, to realize
- осуществлять, осуществить
- to expire, to lapse, to run out
- истекать, истечь
- carefully, attentively
- внимательно
- well-being, welfare
- благосостояние
- preferential (adj.)
- льготный