The speaker: French banks will be able to avoid the sanctions risks in the project “Yamal LNG”

The speaker: French banks will be able to avoid the sanctions risks in the project “Yamal LNG”


MOSCOW, January 25. Russia and France have managed to find ways to avoid sanctions risks for French banks in the financing of the “Yamal LNG”. This was reported to journalists by the Minister of economic development Alexei Ulyukayev on the results of the twenty-first session of the Russian-French Council for economic, financial, industrial and trade issues (CEFIC).

“We believe so,” said he, answering the relevant question.

Positive statements from France about the sanctions give a chance “to quickly turn this negative Chapter in our history” – speaker.

“Flip the negative”page

Russia will cancel its mirror counter only after the abolition of European, also said the speaker.

“Not the Russian side has imposed sanctions. Our counter-sanctions were caused by hostile action. And it was not even a response to the first sanctions. Only after the second wave of sanctions we have introduced countermeasures. Obviously, the reverse movement must be symmetrical, mirror. If our dear European friends will make the decision that is asked of business, we, in turn, will make the appropriate decision,” he said.

The Minister also noted that the positive statements from France about the sanctions allow “quickly to turn this negative Chapter in our history”.

We all feel fatigue from such negative developments associated with the sanctions and retaliatory sanctions. And here we must act in the interests of our Russian and French business, which in recent years faced with the problem, including the related imposition of sanctions and antisanktsy

Alexei Ulyukayev
the Minister of economic development of the Russian Federation

“The goal that we all share”

France against Russia by the summer of this year. As reported by Agence France-Presse, said Sunday the Minister of economy of France Emmanuel macron.

“The goal that we all share, is to ensure that by the summer of this year the possibility of lifting the sanctions if the provisions of the Minsk agreements will be implemented”, – said the head of the Ministry of economy. He has performed in Moscow before the French entrepreneurs.

Question the value of sanctions

Many official representatives of the European Union at the meetings during the forum, doubted the benefits of anti-Russian sanctions and signaled the possibility of easing, said earlier head of the Russian delegation at the forum in Davos, Deputy Prime Minister Yuri Trutnev.

Speaking at the forum, U.S. Secretary of state John Kerry also said that after the implementation of arrangements “Norman Quartet” on the peaceful settlement in Eastern Ukraine.

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Putin called the decline in the external debt of the Russian Federation positive face of Western sanctions

“Opinions about the extension of sanctions is very inhomogeneous. Many of our colleagues say that sanctions are disadvantageous not only to Russia, sanctions are disadvantageous to the European community”, – said Trutnev.

Former Finance Minister Alexei Kudrin said in an interview that, in his opinion, Western countries could soften sanctions early next year. Kudrin said that many Western businessmen and politicians in Davos in private conversations expressed hope for a speedy lifting of sanctions.

“Today, I have a more optimistic view of the easing of sanctions. They will not be cancelled, but this year or early next to begin the movement, that is, any penalties can be mitigated or eliminated,” Kudrin said on the sidelines of the world economic forum in Davos.

See also

All sanctions of the West against Russia