KIEV, June 2 – Litigation in the High Court of Justice in England under a claim brought by Russia against Ukraine after the country defaulted on $3 billion in bonds issued in 2013 could last up to two years, Ukrainian Finance Minister Oleksandr Danyliuk said.

"The situation could develop in different ways. If the litigation lasts until the end, it could take up to two years to come to a final decision," he said in an interview with TV Channel 24 television late on Wednesday.