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Marine Le Pen’s far-right French party is paying nearly $13 million to a Russian military contractor

PARIS – The far-right party of the French presidential candidate Marine LePen has begun paying a €12 million ($12.94 million) settlement to a Russian military contractor under US sanctions as part of a debt restructuring that gave her party more time to repay a loan it had received borrowed from a Russian bank, according to Russian and French government records.

Aviazapchast JSC – a Moscow-based company that supplies Russian military aircraft and parts to the Middle East, Africa and Asia – took over the €9.4 million loan in 2016 after the bank that originated it Moscow-based First Czech-Russian Bank had gone bankrupt, the records show. According to the company’s financial reports, which make no mention of the transaction, holding loans is well outside of Aviazapchast’s normal business operations.

https://www.wsj.com/articles/marine-le-pens-far-right-french-party-to-pay-nearly-13-million-to-russian-military-contractor-11650644840 Marine Le Pen’s far-right French party is paying nearly $13 million to a Russian military contractor

Ethan Gach

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