THE QUESTION.
Russia's threats of war against Ukraine materialized overnight from Wednesday to Thursday.
The European Union, the United States, Japan and even Canada are beginning to put in place sanctions against Moscow.
A few hours after the start of the Russian offensive, the European Union, through the voice of the High Representative for Foreign Affairs, Josep Borrell, promised “
the toughest set of sanctions we have ever implemented
”.
Read alsoGas, petrol, cereals… What impact can the war in Ukraine have on prices?
However, France, dependent like all of Europe on Russia for its energy supply, wants to be reassuring about the consequences of these sanctions on its own economy.
Questioned two days before the start of the offensive, the French Minister of Economy and Finance Bruno Le Maire assured that “
the economic consequences of the geopolitical situation on France will be contained.
They will be because the French economy is not very exposed to Russia
”.
“
In accordance with the principle of reciprocity, which is the basis of international law, we will take severe retaliatory measures
,” promised the Russian Foreign Ministry, denouncing a “
hostile ” policy.
from the European Union.
So who should you believe?
To what extent is the French economy likely to be impacted by this conflict?
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