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France 24
France 24
Politics

France unveils plan to mitigate impact of sanctions on Russia

French Prime Minister Jean Castex speaks at a news conference in Paris on January 20, 2022. © Julien De Rosa, AFP (file photo)

French Prime Minister Jean Castex said Wednesday that France wanted to end its imports of Russian gas and oil by 2027. Castex made the remarks at a news conference to unveil government measures to help households, companies, farmers and fishermen mitigate the impact on the French economy of sanctions against Russia.

"We have to prepare for a long crisis", Castex said.

The war in Ukraine has accentuated in particular a rise in prices of energy and other commodities, including wheat, that could weigh on French households and the economy.

The total cost of the measures would be between €25 billion and €26 billion, Finance Minister Bruno Le Maire said at the same news conference along Castex.

(FRANCE 24 with REUTERS)

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