The RF Minister of Finance, Anton Siluanov, explained the delay in initiating the case. He admitted that the negotiations has been going on for too long.
To remind you, in December, 2013 the RF Ministry of Finance bought out the two-year Ukranian Eurobonds, at a 5% rate, at the expense of the National Wealth Fund. In December, 2015 Kiev passed a moratorium for the payment of the principal amount outstanding.
The Ukranian authorities have demanded that the RF should agree to restructure the sovereign debt on the same terms as for commercial holders of other Ukranian Eurobonds.
The President of the Russian Federation, Vladimir Putin, has demanded that Ukraine’s debt be repaid via legal means.