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MARINE LE PEN

French far-right party says Russian loan repaid

France's far-right Rassemblement National party, headed by Marine Le Pen, has repaid a loan originally from a Czech-Russian bank that political opponents said demonstrated its ties to the Kremlin.

French far-right party says Russian loan repaid
France's far-right party Rassemblement National (RN) leader Marine Le Pen. Photo by Miguel MEDINA / AFP

The remaining money – €6.1 million of the original €9.4 million – was paid back “in advance” to the Russian firm Aviazapchast, which had bought the debt, the party said in a statement Tuesday.

Rassemblement National (RN) officials hope getting out from under the debt can end attacks like Presidential Emmanuel Macron’s last year, when he accused their candidate Marine Le Pen of being “dependent on the Russian regime” and President Vladimir Putin during the 2022 election debate.

Le Pen is “talking to her banker when she talks to Russia,” Macron said at the time.

Ahead of the 2022 campaign, the party had to hastily shred election leaflets that included a photo of Le Pen with Putin, after the Russian invasion of Ukraine. 

The loan “is used as an argument by my opponents, in my opinion unfairly, and I don’t plan on giving my opponents any arguments,” RN chief Jordan Bardella told daily Le Monde.

Winning dozens of seats in parliamentary elections following Macron’s re-election has given the RN access to millions more in public funding, allowing it to repay the Russian debt before the 2028 deadline.

Its announcement of the repayment came the day after Le Pen said she was the party’s “natural candidate” to run for president again in 2027, when Macron will have reached his two-term limit.

READ ALSO Why France is already talking about the 2027 election 

The loan, originally from the First Czech-Russian Bank (FCBR), kept the party afloat from 2014, when it claimed French lenders were refusing to extend credit.

Later bought by a Russian car rental firm after FCBR went bust, the debt ended up with Aviazapchast an aircraft components firm owned by former Russian soldiers.

The RN last year opened a parliamentary inquiry into foreign interference in French politics, in a bid to clear itself of allegations it was acting in Russia’s interest.

But the committee’s final report found that the RN was a “relay” for Russia in French politics, highlighting its “alignment” with Kremlin messaging when Moscow claimed to have annexed the Crimean peninsula from Ukraine in 2014.

The party has also opposed French aid for Ukraine since Russia’s invasion last year, and did not vote when the French parliament approved bids by Finland and Sweden to join NATO.

Marine Le Pen “has given no sign of a real break with the Kremlin”, public broadcaster FranceInfo commented in an editorial.

“If tomorrow she continues to take pro-Russian positions, (she) will at least prove that it’s not out of self-interest, but a real political choice.”

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ELECTIONS

Will the far-right get a majority in the French parliament?

With the far-right in the lead after the first round of the snap French elections the big question now is whether they can win a majority in parliament - which gives them the right to nominate the prime minister.

Will the far-right get a majority in the French parliament?

Preliminary results for round one of voting on June 30th show the far-right Rassemblement National (RN) party in the lead with 34.5 percent of the vote, followed by the left alliance Nouveau Front Populaire on 28.1 percent and Emmanuel Macron’s centrist group on 20.8 percent.

Follow the latest on the results HERE.

We now move on to round two – which will give the final results in each of France’s 577 constituencies.

The big question is whether any party or group can reach the magic number of 289 seats, which would give them a majority in the Assemblée nationale (the French parliament).

A party or group that gets 289 seats not only gets to exercise control over votes on legislation, but can also nominate a member of the party to be prime minister.

If a party other than the president’s party has a majority then the prime minister and the president are forced to work together in an easy alliance known as a cohabitiation.

So will the far-right RN win enough seats to get a majority?

First things first – this is all guesswork, we won’t know for certain whether Le Pen and Jordan Bardella’s party will have enough seats for a majority until the results of the second round are in on the evening of Sunday, July 7th.

However the pollsters have been working their magic trying to predict the total seat share from the first round vote and it seems they RN are set to win a huge number of seats. 

Various different polling agencies have different and very wide estimates, but all are saying that the final result for the RN could be close to that key number of 289.

A projection for the Elabe institute for BFMTV, RMC and La Tribune Dimanche put RN and its allies on between 255 and 295 seats.

Early projections from Ipsos suggest that RN and its allies could win between 230 and 280 seats in parliament.

It’s worth noting that given the unpredictability around the second round of voting (see below) France’s official polling watchdog does not endorse the seat projections by the polling companies.

Polls in the run up to the first round suggested the RN would not gain an absolute majority in parliament but wouldn’t be far off.

Second round votes

A big factor in the second round will be the ‘triangulaires’ or areas where the second round has three candidates.

In areas where this happens, it’s possible that some parties will agree to withdraw candidates in order to avoid splitting the vote – negotiations are ongoing in this area but it’s most likely to happen with leftist or centrist candidates.

The intention is to present a common front against the far-right – so if this happens in a significant number of areas it could affect the far-right’s overall seat numbers.

Follow the latest on those negotiations HERE.

Prime minister

If the far-right does gain an overall majority it has the right to nominate a candidate for prime minister and that person will be 28-year-old Jordan Bardella.

He has already said that he will only accept the PM role if his party wins an overall majority.

Although Macron will remain the president, having a parliamentary majority and a prime minister means the far-right will be in a much stronger position to implement some of their flagship policies including a drastic reduction in immigration and the imposing of ‘French preference’ to give precedence to French citizens in employment and housing.

READ ALSO What would a far-right prime minister mean for foreigners in France?

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