Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: More than 70 martyrs in Israeli attacks on Gaza since dawn.
Death toll from latest Israeli strikes on Gaza rises to 30
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City
Al Mayadeen's correspondent: An Israeli airstrike targets the vicinity of Al-Shifa Medical Complex, west of Gaza City
Al-Qassam: We will postpone the handover of the body of the Israeli captive we found, which was scheduled for today, due to the occupation's violations
Al Mayadeen's correspondent in Gaza: Israeli occupation aircraft launch airstrikes on the city of Rafah in the southern Gaza Strip
Netanyahu's office: At the end of the security consultations, the prime minister instructed the military to launch massive military strikes on the Gaza Strip immediately
President Aoun: We urge the activation of the monitoring committee, the cessation of hostilities, ongoing Israeli violations, attacks

France warns of ‘economic shock’ from Russian victory in Ukraine

  • By Al Mayadeen English
  • Source: Agencies
  • 18 Feb 2024 09:45
3 Min Read

France's Foreign Minister has warned that a Russian victory in Ukraine could grant Moscow control over extensive resources, potentially leading to an "economic shock" for Europe.

  • x
  • French Foreign and European Affairs Minister Stephane Sejourne, speaks during a press conference following the Weimar Triangle talks at the Chateau de La Celle Saint-Cloud near Paris, Monday, Feb. 12, 2024. (AP)
    French Foreign and European Affairs Minister Stephane Sejourne, speaks during a press conference following the Weimar Triangle talks at the Chateau de La Celle Saint-Cloud near Paris, Monday, February 12, 2024. (AP)

French Foreign Minister Stephane Sejourne said on Saturday that a potential Russian victory in the war in Ukraine could cause a great economic blow to the West because Moscow would gain control over vast resources. 

In an opinion piece published in the French daily Le Monde, the minister argued that Moscow was attempting to persuade Paris that it would be "more rational" to forsake Ukraine. He objected to this notion, asserting that "the French are not naïve" and that few actions could be more detrimental to the country's interests.

Apart from the security concerns, a triumph for Russia would introduce significant economic ramifications for the West, as per Sejourne. "Permitting Russia to claim control over the fertile Ukrainian black lands would entail surrendering a portion of food sovereignty, acquiescing to unchecked inflation, and furnishing Russia with unparalleled leverage for coercion and extortion," he emphasized.

Read next: EU plan to seize frozen Russian assets equals 'economic racketeering'

Highlighting Ukraine's significant role as the source of 30% of global wheat exports, the minister asserted that Moscow's grip on these resources would empower it to "undermine our domestic farmers."

Additionally, he warned of "immense risk" for Europe if Russia maintained control over the Zaporozhye nuclear power plant, the largest facility of its kind on the continent, though he did not provide further details on the reasons behind this concern.

Related News

AI to double oil output, keep fossil fuels dominant: Aramco chief

Russian Lukoil plans fire sale of foreign assets due to sanctions

“Europe and the world, the French people would suffer an unprecedented economic shock,” Sejourne stressed.

Sejourne continued by urging the West to resist the "temptation of fatigue." He emphasized, "The efforts made today to support Ukraine pale in comparison to what would be required to confront a victorious Russia." He insisted that current policies would enable Kiev's supporters to maintain control over prices.

Zelensky signs French security pact

This comes after Ukraine's President Volodymyr Zelensky signed a security pact with his French counterpart Macron at the Elysee Palace on Friday.

Hours earlier, he completed a similar deal with Germany which was praised by Chancellor Olaf Scholz who described it as a "historic step" in support of Ukraine amid its war with Russia.
 
Both agreements are part of Zelensky's plan to get aid and support for his forces in the war against Russia.

The French agreement guarantees Ukraine up to 3 billion euros ($3.2 billion) in aid for 2024, after 1.7 billion in 2022 and 2.1 billion last year, officials revealed, adding that this agreement will run for 10 years, strengthening the artillery field cooperation.   

This deal's main goal is to aid Ukraine with the "re-establishment of its territorial integrity within its internationally-recognized borders", and anticipate "any renewed Russian aggression," the officials confirmed.

Read next: Zelensky lands in France in pursuit of further pressure on Russia

  • Russia
  • war in Ukraine
  • France
  • Ukraine
  • Stephane Sejourne
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Members of the al-Qassam Brigades, the military wing of Hamas, and Egyptian workers search for the bodies of hostages in a tunnel discovered during searches in Hamad City, Khan Younis, in the southern Gaza Strip, on Tuesday, Oct. 28, 2025 (AP)
Politics

'Israel' obstructing Gaza body recovery, creating false claims: Hamas

Lebanese Prime Minister Nawwaf Salam talks to US Deputy Special Envoy to the Middle East Morgan Ortagus at the Grand Serail in Beirut, Lebanon, October 28, 2025 (NNA)
Politics

Salam conveys to Ortagus goals behind any possible negotiations

Writers boycott NYT, demand justice as Gaza media ban faces court
Politics

300+ writers boycott NYT Opinion, cite persistent anti-Palestine bias

Settlers attack West Bank olive harvesters, Injure 3 Palestinians
Politics

Settlers attack West Bank olive harvesters, injure 3 Palestinians

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS