The conflict between Russia and Ukraine reached the Financial List in London on 17-20 January 2017 when Law Debenture sought judgment on behalf of the Russian Federation on a $3 billion Eurobond issued by Ukraine in 2013. Ukraine denies liability to repay the bond on various grounds, including issues as to capacity, duress and legitimate countermeasures under public international law in response to the Russian invasion of Crimea in 2014. Bankim Thanki QC and Simon Atrill were instructed by Quinn Emanuel’s Alex Gerbi on behalf of Ukraine. Mark Howard QC and Oliver Jones, instructed by Norton Rose’s Michael Godden, appeared for Law Debenture, acting on the instructions of the Ministry of Finance of the Russian Federation. Mr Justice Blair has reserved judgment.