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The party has reached an amicable agreement on its unpaid Russian loan


Marine Le Pen has been the president of RN (ex-FN) since 2011. (archives) – WITT / SIPA

Amicable settlement reached between party far right French
National gathering and a company
Russian having sued him for the non-repayment of a loan of 9.6 million euros contracted in 2014, said a Russian court on Wednesday. “An amicable agreement was reached between the parties. The judge approved it, “said a spokeswoman for the Moscow arbitration court where the case was being played, after a preliminary hearing in the presence of Russian lawyer RN.

RN treasurer Wallerand de Saint Just declined to comment on the agreement. According to the Russian court, the full legal text confirming this settlement agreement will be published within five working days. According to documents available on the website of the Moscow Court of Arbitration, the company Aviazaptchast, run by former Russian soldiers and specializing in aircraft spare parts, filed a complaint against the RN on December 10 for the “recovery of a credit ”. The RN had been notified of this procedure by mail on December 25, according to the website of the court.

Not the only financial difficulty

After the payment of the interest rates (which would amount to 6% according to the RN), the party had, according to the stipulated clauses, to pay some 9.6 million euros in one go in 2019. In March In 2016, the claim was transferred to a Russian car rental company, named Conti, shortly before the trusteeship of the lending bank, the First Czech-Russian Bank (FCBR), which closed in July 2016. It then was sold to Aviazaptchast. RN Wallerand de Saint-Just’s treasurer assured in early February that his party had “good relations” with his creditor and that he was “in the process of repaying” the loan.

The RN is going through financial difficulties, already in debt and weakened by other debts. In France, the far-right party must in particular repay this year, on annual public aid to the RN (about 5.5 million euros), 4.2 million euros to the microparti Cotelec of the co-founder of the FN Jean-Marie Le Pen. The party will also know on June 16 whether or not it is condemned in the financing of its campaign for the legislative elections in 2012. The French state claims nearly 11.6 million euros in damages.

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