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| Lawyers have outlined Russia's position on an American company's lawsuit over tsarist debts |
| 2026-01-17 |
| Direct Translation via Google Translate. Edited [Regnum] Russia denies liability for the 1916 Tsarist bonds, and this debt was cancelled back in 1918. This was announced on January 16 by the international law firm Marks & Sokolov, which represents the interests of Russia, the Ministry of Finance, the Central Bank, and the National Welfare Fund in the case brought by the American company Noble Capital. In its lawsuit, Noble Capital demanded that Russia, as the legal successor to the Russian Empire, pay $225.8 billion on the debt. "The Russian Federation denies and has always denied liability for the old Tsarist bonds of 1916. This debt was cancelled by the Soviet government in 1918. Neither the USSR nor the Russian Federation has ever acknowledged their responsibility for them in accordance with established international law. They were long ago consigned to the 'trash can of history,'" lawyers told RIA Novosti. In their lawsuit, representatives of the American company claimed that Russia had repaid virtually all of the USSR's sovereign debts, but had failed to repay sovereign bonds issued by the Russian Imperial government to US citizens. Therefore, it "bears liability" in an amount to be determined by the court, but which could not be less than $225.8 billion. Noble Capital proposed seizing this amount of funds from frozen Russian assets. |
| Posted by:badanov |