Russian lender allowed Marine Le Pen's party to repay overdue debt gradually

24 April 2022, 08:36 | Peace
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The “National Association” of French presidential candidate Marine Le Pen received a loan in the amount of 9 million euros from the “First Russian-Czech Bank” in 2014. But now the debt will have to be repaid to the successor of the bankrupt bank, the sub-sanctioned company Aviazapchast, reports The Wall Street Journal..

12 million will have to be returned, including interest. The conditions for repaying the debt are more than soft: the “National Association” will pay an average of 322 thousand euros every three months until 2028. Payments have already started.

The settlement agreement between the National Association and JSC Aviazapchast was concluded in June 2020, after the Russian company filed a claim with the Moscow Arbitration Court for non-payment of loans, WSJ writes with reference to a copy of the document.

It should be noted that the " In 2016, FCRB was declared bankrupt. The rights to the loan then passed to Aviazapchast. The party was supposed to return the loan before September 2019, but did not return. The parties reached a compromise in June 2020 - a few months after Le Pen announced his participation in the 2022 presidential election..

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During the current presidential campaign, Le Pen condemned the Russian invasion of Ukraine and supported sanctions against the Kremlin.

However, the story of the overdue Russian loan allowed Emmanuel Macron to say in a recent televised debate: " When you address Putin, you are not talking to the head of another state, you are talking to your banker,"

With nearly 100% of ballots from all municipalities counted, Emmanuel Macron won first place in the first round with 27.6%, ahead of Marine Le Pen with 23.41%.. Jean-Luc Melenchon is third with 21.95%. The second round of the presidential elections in France will be held today.




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