News of March 25: The Supreme Court of Britain is on the side of Ukraine regarding “Yanukovych’s debt”, the price of oil is rapidly falling
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About bonds. The Supreme Court of Great Britain issued a decision in favor of Ukraine in the case of “Yanukovych’s debt” for 3 billion dollars
About oil. Oil prices fell down 5% to its lowest level in more than a year as worries about Credit Suisse spooked global markets and dashed hopes for a recovery in China’s oil demand.
About coal. NABU and SAP directed to court the first episode of the “Rotterdam+” case on the accusation of six people for causing losses to electricity consumers in the amount of over UAH 19 billion during 2016-2017.
About sanctions. Management of the Austrian Raiffeisen Bank International discussed a possible asset swap scheme with Russia’s Sberbank to receive the amount of proceeds that the RBI received in Russia in 2022 and cannot withdraw due to Russian government restrictions.
About SWIFT. Indian companies use global payment system SWIFT for dollar settlements with Russia, although many Russian banks are blocked from the network due to Western sanctions
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Ukraine defeated the Russian Federation in the “Yanukovych debt” case, but there is a nuance. What does the decision of the English court mean?
The court recognized as legitimate Ukraine’s arguments regarding receiving $3 billion from Russia under pressure in 2013. This means that the aggressor country will not have to return the money. However, that is not all.
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