Russia's $3bn court case against Ukraine scheduled for January

Moscow (AFP) - Britain's High Court will next year hear a case Moscow has filed against Ukraine over a $3 billion eurobond loan, a deputy finance minister said Thursday.

"The court hearing has been set for 17-20 January. The hearing will last three days," said deputy finance minister Sergei Storchak, quoted by Russian agencies.

Russia granted Ukraine a $3 billion loan in late 2013, but former Moscow-backed leader Viktor Yanukovych who struck the deal was ousted by protests just two months later.

The new government in cash-strapped Ukraine has refused to pay back the money in full, saying Moscow had lent its ally the money on preferential terms as a bribe.

Moscow, which is suffering from a protracted recession, however refused to grant a discount on reimbursement and instead filed the lawsuit in February after the two sides failed to reach a settlement.

It is one of several major lawsuits lodged in various international courts between the two former allies turned arch-foes which include disputes over natural gas contract price, the annexed Crimean peninsula, and war damage in east Ukraine, where pro-Russian separatists are fighting Kiev's forces.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting