Russia Sues Ukraine in London Court Over $3 Billion Default
- Cleary Gottlieb Steen & Hamilton hired to represent Russia
- Russia declined to take part in Ukraine restructuring in 2015
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Russia said it filed a lawsuit against Ukraine in the High Court in London after the government in Kiev defaulted on $3 billion in bonds.
Cleary Gottlieb Steen & Hamilton LLP was hired to represent the government in Moscow in a case that will seek to recover the principal in full, $75 million of unpaid interest and legal fees, Russian Finance Minister Anton Siluanov said on Wednesday. The filing comes after Germany tried to mediate talks between the two former-Soviet neighbors to try to reach an out-of-court settlement.