The UK Supreme Court ruled on Wednesday that Ukraine can mount a defense against a Eurobond lawsuit brought by Russia.
Judges in London rejected a bid by a Russian-backed investment trust to throw out Ukraine’s case — that it had to accept the money in the face of Russian aggression.
What was case about?
The lawsuit was brought in 2016 and long predates Russia’s 2022 invasion of Ukraine. It centers on billions of dollars borrowed from Moscow by pro-Russian Ukrainian President