Paris is in search of methods to keep away from US sanctions so as to relaunch and deepen financial cooperation with Moscow, French Finance Minister Bruno Le Maire has reportedly stated.
“We wish to restart our financial exchanges with Moscow, complying with worldwide legislation and never being constrained by extraterritorial monetary sanctions,” the minister stated, as quoted by Sputnik. He added that the restrictions are the primary impediment for financial relations between the 2 nations and vowed to seek out options to skirt the implications inside six months.
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Le Maire was apparently referring to current US measures focusing on firms concerned within the building of the underwater Nord Stream 2 pipeline, which is ready to ship Russian gasoline to Germany and different European clients. The launch of the challenge was lately postponed as Swiss-Dutch agency Allseas determined to cease the works within the Baltic Sea, the place the final kilometers of pipes have been set to be laid.
France has its personal curiosity within the multi-billion-dollar challenge, as its power supplier ENGIE holds a nine-percent stake in it, together with different international buyers.
In December, Le Maire and his Russian counterpart, Financial Growth Minister Maksim Oreshkin, signed a “roadmap” to additional increase financial ties between the 2 nations. The settlement covers some joint tasks within the power, nuclear and house sectors, amongst others.
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