Monday

24th Jul 2017

Le Pen borrowed €9mn from Kremlin-linked bank

The far-right French party, Front National (FN), borrowed €9 million from a Russian bank, posing questions over its relationship with the Kremlin.

The loan, by the First Czech Russian Bank (FCRB), was granted in late September, according to a report out on Saturday (22 November) in Mediapart, an online investigative journal.

Thank you for reading EUobserver!

Subscribe now and get 40% off for an annual subscription. Sale ends soon.

  1. €90 per year. Use discount code EUOBS40%
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

It notes the FCRB is de facto owned by Roman Popov, a financier with close ties to the Russian political establishment.

Wallerand de Saint-Just, the FN’s treasurer, told Mediapart the loan was organised by Jean-Luc Schaffhauser, an FN euro-deputy.

“We’d been looking for a loan for a long time, notably to finance our election campaigns. Our bank, like many other French and European banks, categorically refused to lend a single centime to the FN or to FN candidates”, he said.

“So Mr Schaffhauser … who has had good relations in Russia for a long time, said: ‘Let me go and see this bank’.”

De Saint-Just denied the FCRB loan amounts to foreign interference in French politics, saying he has never met Popov and has only had contact with the bank’s “technical" staff.

Marine Le Pen, the FN chief and also an MEP, told French daily Le Monde that her party tried to get loans from Asian, Italian, Spanish, and US banks as well as from the Russian lender.

“The first one we managed to get, we signed, and we’re very happy … what’s scandalous is that French banks aren’t lending”, she said.

She dismissed as “ridiculous” the question whether the FCRB millions came with strings attached.

“That kind of insinuation is injurious and outlandish. Just because we got a loan, that’ll determine our international position? We’ve had the same [pro-Russian] line for a long time”, she said.

Le Pen has praised Russian leader Vladimir Putin’s actions in Ukraine and blamed the West for causing the crisis.

Her deputies vote against Russia-critical resolutions in the EU parliament.

Schaffhauser was also one of a handful of MEPs who went to monitor "elections" in the Russia-controlled Donetsk and Luhansk “republics” in east Ukraine on 2 November.

Aymeric Chauprade, Le Pen’s advisor on foreign policy, went to monitor the Crimea "referendum" on independence in March.

Le Monde reported earlier this year that Chauprade also met with Kremlin envoys in Vienna in May, along with other far-right European politicians, to discuss how to combat “European liberalism and homosexuality”.

The FN is currently polling ahead of both the centre-left and centre-right Socialist and UMP parties in France.

Meanwhile, Moscow's links to the far right are not limited to France.

Hungarian authorities have asked the EU parliament to lift the immunity of Bela Kovacs, an MEP from the far-right Jobbik party, after accusing him of taking money from Russian intelligence services.

Kovacs, who denies the allegations, like Chauprade monitored the Crimea "referendum".

Tatjana Zdanoka, a Latvian MEP from the pro-Russian Latvijas Krievu savieniba party, who also went to observe the Crimea poll, is under a similar investigation at home.

EU and UN reject 'farcical' east Ukraine votes

The EU, the UN, and Nato have rejected the outcome of “so-called elections” in east Ukraine, but Russia and a handful of fringe MEPs gave their stamp of approval.

Farage and Le Pen unite on Russia report

Britain’s Ukip and France’s National Front have teamed up with other anti-EU parties to vote against a Russia-critical resolution at the EU parliament.

Juncker: Death penalty will end Turkey's EU bid

Turkish president Erdogan said he would reinstate capital punishment, for people behind last year's failed military coup. But European Commission president Juncker says the move would end Turkey's bid to join the EU.

Cyprus talks up in the air

A week after the failure of negotiations to reunite the islands, Greek Cypriots are calling on Turkish Cypriots to reaffirm their commitment to the process.

News in Brief

  1. Polish parliament adopts controversial justice reform
  2. GMO opt-out plan unlikely to go anywhere in 2017
  3. Slovak PM threatens to boycott inferior food
  4. France takes Google's 'right to be forgotten' to EU court
  5. Turkey accuses German companies of supporting terror
  6. Israel's Netanyahu caught calling EU 'crazy'
  7. UK does not collect enough data to expel EU nationals
  8. Polish president threatens to veto justice reform

Stakeholders' Highlights

  1. European Jewish CongressJean-Marie Le Pen Faces Trial for Oven Comments About Jewish Singer
  2. ACCAAnnounces Belt & Road Research at Shanghai Conference
  3. ECPAFood waste in the field can double without crop protection. #WithOrWithout #pesticides
  4. EU2017EEEstonia Allocates €1 Million to Alleviate Migratory Pressure From Libya in Italy
  5. Dialogue PlatformFethullah Gulen's Message on the Anniversary of the Coup Attempt in Turkey
  6. Martens CentreWeeding out Fake News: An Approach to Social Media Regulation
  7. European Jewish CongressEJC Concerned by Normalisation of Antisemitic Tropes in Hungary
  8. Counter BalanceOut for Summer Episode 1: How the EIB Sweeps a Development Fiasco Under the Rug
  9. CESICESI to Participate in Sectoral Social Dialogue Committee on Postal Services
  10. ILGA-EuropeMalta Keeps on Rocking: Marriage Equality on Its Way
  11. European Friends of ArmeniaEuFoA Director and MEPs Comment on the Recent Conflict Escalation in Nagorno-Karabakh
  12. EU2017EEEstonian Presidency Kicks off Youth Programme With Coding Summer School

Latest News

  1. Dutch coalition talks lengthiest in 40 years
  2. Polish parliament steps up showdown with EU
  3. EU urges UK to clarify its Brexit positions
  4. Law expert: direct EU powers have become too complicated
  5. Winter is here for Spitzenkandidat, but he'll survive
  6. Mafia money pollutes the EU economy
  7. Central Europe should be wary of Brexit stopping
  8. Poland's 'July coup' and what it means for the judiciary