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Lawsuit on alleged IMF loan to Ukraine dismissed

14:07 15/04/2014

MOSCOW, April 15 (RAPSI) - The Moscow Commercial Court has dismissed a civil lawsuit against the Russian officials that allegedly did not take action to prevent the International Monetary Fund from using the funds provided by Russia for a loan to the Ukrainian government, an act the plaintiffs claim is illegal, the court told RAPSI.

The court argued that the subject and grounds for the legal action were not related to business or other economic activity. Therefore, the claim is not arbitrable in the Moscow Commercial Court.

Russia represented by the Government, the Central Bank, the Finance Ministry and the Foreign Ministry are defendants in the lawsuit.

According to the lawsuit, the lead claimants from the media became aware of the IMF’s intention to issue a loan to Ukraine whose leaders, the claimants maintain, are not authorized to do so by the constitution of the country.

Also the lawsuit states that the claimants are citizens and taxpayers of the Russian Federation. The plaintiffs believe that the use of funds that include their tax money to fund the activity of people and organizations acting against Russia and the citizens of Russia and Ukraine runs counter to the law, tax legislation, the Constitution and Russia’s international obligations.

The plaintiffs requested that the defendants be compelled to rectify the breach of their rights by preventing the transfer of the money provided by the Russian Federation to the IMF, in any manner, to persons representing Ukraine with respect to the IMF or the European Union but who were elected in violation of Ukrainian law.

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Lawsuit on alleged IMF loan to Ukraine dismissed

14:07 15/04/2014 The Moscow Commercial Court has dismissed a civil lawsuit against the Russian officials that allegedly did not take action to prevent the International Monetary Fund from using the funds provided by Russia for a loan to the Ukrainian government, an act the plaintiffs claim is illegal, the court told RAPSI.
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