France denounces Russia’s seizure of French firms
France condemned Russia's seizure of assets belonging to French companies such as "Ushant" and "L'Oréal," describing it as a hostile move and referring to it as a form of economic blackmail. The French Economy Minister explained that Russia transferred the operations of several companies to a new entity called "L.E.V. Management," led by a general in the Russian Interior Ministry, which previously had no activity. France reaffirmed its determination to continue diplomatic and legal pressure, including resorting to international courts, refusing to let this step halt ongoing pressures on Russia amid the Ukraine war.
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