French Finance Minister Bruno Le Maire announced a “all-out economic and financial war” on Russia as punishment for invading Ukraine, before retracting words he subsequently believed was unacceptable.
The US and its allies have sanctioned Russia’s central bank, oligarchs, and politicians, including President Vladimir Putin, and prohibited several Russian institutions from using the SWIFT international payments system.
The sanctions packages have proven to be “very successful,” according to French Finance Minister Bruno Le Maire.
“We’re launching a full-fledged economic and financial war on Russia,” Le Maire said on France Info radio. “We will bring the Russian economy to its knees.”