Kyiv Commercial Court has confirmed the validity of the purchase of $153 million of Ukrzaliznytsia debt by VR Global Partners, L.P.

Noting that VR has won seven judgements in a row on the Feb. 2019 purchase, Richard Deitz, the President of VR, described the railroad’s legal objections as “nothing other than a spurious attempt by the company to avoid its legal obligations to repay borrowed money.” He added: “With President Zelensky’s upcoming visit to Washington, it is an opportune moment to send a signal to its partners that Ukraine is committed to upholding the rule of law.”