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Russia Wins Early Verdict in $3 Billion Ukrainian Bond Case

  • Russia sued Ukraine in U.K. over bond repayment after war
  • London judge throws out all of Ukraine’s arguments in case
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Russia won an early verdict in a London lawsuit that may force Ukraine to repay part of a defaulted $3 billion bond, in a dispute that extended the battle over Russia’s annexation of Crimea into a U.K courtroom.

Judge William Blair threw out all of Ukraine’s arguments Wednesday, saying he was at pains to distinguish between the law and the "troubling" political background. He ruled the case shouldn’t go to a full trial but gave Ukraine the right to appeal.