Bruno Le Maire promises “the collapse of the Russian economy”

Bruno Le Maire doesn’t have a good prediction for Russia. With Western sanctions, “we are going to cause the collapse of the Russian economy”, assured the French Minister of the Economy on Tuesday. “The economic and financial balance of power is totally in favor of the European Union, which is in the process of discovering its economic power”, also considered the minister.

Europe and the United States in the lead have multiplied announcements in recent days to dissuade Moscow from continuing its assaults on Ukraine. Closure of airspace, freezing of assets of personalities or companies, questioning of financial or commercial links. Latest measures: the blocking of foreign currency assets of the Russian central bank held abroad, which caused a plunge in the Russian currency on Monday. This represents “almost 1,000 billion dollars”, assures Bruno Le Maire.

“We don’t know how to do otherwise”

The Minister of the Economy, however, returned to one of his statements on France Info. “We are going to wage a total economic and financial war on Russia,” he said. Former Russian President Dmitry Medvedev immediately reacted in a tweet: “A French minister said today that they had declared economic war on us. Watch your speech, gentlemen! And do not forget that economic wars in the history of mankind have often turned into real wars”.

“The term war used this morning on France Info was inappropriate and does not correspond to our strategy of de-escalation”, caught up Bruno Le Maire, adding that “we are not in conflict against the Russian people”. On Tuesday, Bruno Le Maire estimated that the Russian people would suffer the effects of the sanctions “because of their leader”. “We don’t know how to do otherwise,” he admitted.

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