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Ukraine refuses to pay Russian Defense Ministry $145 million, turns to Moscow court

15:46 20/05/2015

MOSCOW, May 20 (RAPSI) – Ukraine filed a petition with the Moscow Commercial Court requesting that a ruling handed down by a Ukrainian court over 3.24 billion hryvnias (about $145 million) owed to the Russian Defense Ministry be recognized in Russia.

The Russian Defense Ministry filed a lawsuit in 2012 with the Kiev commercial court to collect $405.5 million from Ukraine.

Russia's ministry claimed that the United Energy Systems of Ukraine (UESU), then Ukraine’s largest importer of Russian gas headed by Yulia Tymoshenko, failed to honor gas-supply agreement.

The Kiev commercial court ruled in favor of the Russian Defense Ministry on September 19, 2012, but reduced the amount of money to be collected to approximately $390 million. The court overturned the ruling on March 7, 2014. Moreover, the court also ruled that 38.7 million hryvnias ($3.4 million as of the decision date) be collected from the Russian Defense Ministry.

Ukraine wants this ruling be recognized in Russia.

The Moscow Commercial Court set a hearing in the case for August 18.

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Ukraine refuses to pay Russian Defense Ministry $145 million, turns to Moscow court

15:46 20/05/2015 Ukraine filed a petition with the Moscow Commercial Court requesting that a ruling handed down by a Ukrainian court over 3.24 billion hryvnias (about $145 million) owed to the Russian Defense Ministry be recognized in Russia.
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