(VOVworld) - Russia will file a lawsuit against Ukraine for failing to pay a $3 billion debt to Moscow, Russia’s finance ministry said Thursday.

Russia's Finance Minister Anton Siluanov attends the Gaidar Forum 2015 "Russia and the World: New Dimensions" in Moscow, Jan. 14, 2015- PHOTO: REUTERS/SERGEI KARPUKHIN

It, however, added that Moscow was ready to consider any significant offer from Ukraine over the debt. A statement from the ministry read that Russia initiated legal procedures that are required for an immediate lawsuit against Ukraine and the lawsuit will be filed in the London Court of International Arbitration.