Russian justice published Sunday the details of the "rescheduling" of the reimbursement of the loan contracted by the French far-right party Rassemblement national (RN), the subject of an amicable agreement concluded with its creditor on Wednesday. According to a document published by the Moscow Arbitration Court, the RN will have to pay a million euros within five days of the court's confirmation of this agreement, which took place on June 3.
Russian creditor forgoes fines
He will then have to pay nearly 390,000 euros before September 20, then more than 8 million euros by the end of 2028 following a program in installments of 322,000 euros every three months. The Russian creditor thus renounces receiving the whole sum at once but also receiving the fines provided for the non-repayment of the loan originally planned in September 2019. The interest rates on the loan remain fixed at 6% annual, according to this document.
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The RN confirmed on Thursday that it had obtained a "rescheduling" for the repayment of the loan following an "amicable agreement" with its creditor, the Russian company Aviazaptchast, which was suing the far-right party for not reimbursement of almost 9 million euros. This loan was originally taken out in 2014 with a Russian bank, the First Czech-Russian Bank (FCBR), which closed in 2016.
Russian loan and suspicion
The claim had been assigned to a Russian car rental company, Conti, and then sold to Aviazaptchast, a firm run by former Russian soldiers and specializing in spare parts for aircraft, which had therefore sued the RN.
At the time, the revelation of this loan had raised suspicions about the Kremlin's desire to support the party of Marine Le Pen, which criticizes the Western sanctions imposed on Moscow because of the Ukrainian crisis. To justify having turned to a Russian financial institution, the FN (now RN) accused him, the French banks of not granting him loans. This rescheduling could relieve the French party which has been accumulating losses since 2012 and finds itself in great debt.