Russian takeover of Auchan and Leroy Merlin assets
Roland Lescure denounces a “hostile act against France” and “economic blackmail” following the Russian takeover of the assets of Auchan and the former Leroy Merlin.
Quick Look
Roland Lescure denounces the Russian takeover of the assets of Auchan and the former Leroy Merlin, describing this act as hostile and economic blackmail, while affirming that France will maintain pressure on Russia.
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Why It Matters
Russia and French companies face continued geopolitical tensions due to the conflict in Ukraine.
“It is a hostile act against France”: Roland Lescure denounces the Russian takeover of the assets of Auchan and the former Leroy Merlin
“That will in no way prevent us from continuing to put pressure (...) on Russia” in the war that the latter is waging against Ukraine, insisted the Minister of the Economy, denouncing “economic blackmail”.
Open Questions
- What retaliatory measures will France take?
