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Pakistani army: 6 soldiers and 7 militants killed in clash near the Afghan border
Israeli media: Sirens sound in the settlement of Kerem Shalom in the Gaza envelope area
Afghan source to Al Mayadeen: We still believe in dialogue and prioritize diplomatic solutions with Pakistan; though we are ready for all possibilities.
Afghan source to Al Mayadeen: Pakistan purposely obstructed negotiations in Turkey by making unrealistic demands.
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

French Le Pen: Ban on Russian oil to have long-term impact on France

  • By Al Mayadeen Net
  • Source: Agencies
  • 9 Mar 2022 18:30
  • 1 Shares
3 Min Read

Following the West's wave of sanctions on Russian oil exports, French presidential candidate Marine Le Pen opposes the ban by France, saying it would have a long-term impact on the country.

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  • Marine Le Pen (AFP)
    French presidential candidate Marine Le Pen (AFP)

The National Rally's party leader Marine Le Pen opposed on Wednesday banning Russia's energy imports, justifying her opposition by saying that an embargo would hurt the French economy more than the pandemic did.

In a bid to paralyze the Russian economy, US President Joe Biden announced on Tuesday a decision banning Russian oil, natural gas, and coal imports to the US in response to Russia's special military operation in Ukraine. The UK followed suit, halting imports of Russian oil and petroleum products as of 2023.

Read more: EU and UK sanctions to exacerbate energy crisis

Answering the France 2 broadcaster's question on whether Europe must abandon natural gas and oil imports from Russia, Le Pen said "no," explaining that such a decision would impact the people and economy of France for a long time.

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"To use this leverage means to severely punish the people of France, French companies, the French economy, which may need years to recover. The effects could be much worse than those of the pandemic," Le Pen said.

She added that sanctions should be chosen in a way that would not target France's purchasing power and economic activity.

Russia takes measures to secure economy amid Russian oil bans

In light of Biden's recent measures to block Russian oil exports which sent global oil prices surging, Russian president Vladimir Putin signed a decree which introduced special economic measures to ensure Russia's foreign trade security, according to the official website for legal information on Tuesday. 

The decree reportedly allows the government to impose restrictions on exports from and imports to Russia regarding products and raw materials with particular countries - the list of countries will be defined later.

"For the purposes of ensuring the security of the Russian Federation and uninterrupted functioning of manufacturing industry, I order... to enforce the following special economic measures until December 31, 2022, [including] ban on the export from… and import to the Russian Federation of products and (or) raw materials, according to the list determined by the Russian government," the decree reads.

Furthermore, the decree mentions that the measures taken will not apply to raw materials exported from Russia or imported into Russia by Russian citizens, foreign citizens, and stateless persons for personal use. 

  • France
  • Marine Le Pen
  • United States
  • US President Joe Biden
  • Russia
  • Energy crisis

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