It was finalized in 2014, six months after Russia annexed Crimea in its first invasion of Ukraine. Foreign banks and companies are not allowed to contribute to the campaign under French law, but are allowed to lend money.
Moscow-based Aviazapchast supplies Russian military aircraft and units to the Middle East, Africa and Asia, and refurbished aircraft to Syria.
It has not been sanctioned for the war in Ukraine, but Washington imposed sanctions on the company in November 2020 for violating a US law to suspend arms sales to Iran, North Korea and Syria.
Aviazapchast was established in 1968 as an export division of the USSR Ministry of Aviation and was privatized in 1994, three years after the collapse of the Soviet Union.
In 2013, she received a license from the Russian Ministry of Defense to “develop, manufacture, test, install, repair and sell military weapons and equipment,” but also deals with civilian aircraft.
Holding loans are not a normal part of his business, the newspaper said after reviewing the company’s corporate accounts.
National Rally and Aviazapchast agreed in June 2020 that the party could pay 12 million euros in principal and interest in quarterly installments until 2028 after a complaint of non-payment in an arbitration court in Moscow, the newspaper said.
This deal allowed the indebted party of Ms. Le Pen to keep money for the election campaign, postponing the deadline from its original maturity date in September 2019. Both the initial bank loan and the agreement with Aviazapchastnost have relatively high interest rates. 6 percent.
The Wall Street Journal reported that the National Rally, Ms. Le Pen and Aviazapchast, which is owned by Russian businessman Valery Zakharenkov, declined to comment.
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