Court battle likely as Ukraine defaults on $3bn bond to Russia

Ukraine has said it will not repay $3bn (€2.76bn) in bonds due to Russia.

A court battle is likely amid new economic tension between the two ex-Soviet neighbours.

Ukraine prime minister Arseniy Yatsenyuk said Kiev was imposing a moratorium on the note, which Russian president Vladimir Putin bought two years ago as part of an abortive bailout for Ukraine’s former leader, just months before he was toppled.