Writing for
Mediapart, Marine Turchi
reveals that the far right French
Front National (FN) has secured, already in September this year, a 9 million Euros loan from the
First Czech-Russian Bank (FCRB). The party led by
Marine Le Pen has already received 2 million Euros. The information on the loan to the
FN, according to
Mediapart, has been confirmed by a member of the
FN's political bureau. This development supports
my earlier argument that "European right-wing extremists seem to benefit financially from their cooperation with the Kremlin".
As the
FN's treasurer
Wallerand de Saint-Just explained, the party had been trying to borrow money from a number of French, European and US banks, but was unsuccessful. Eventually, the
FCRB proved to be more sympathetic to the French far right cause. "Why not a Russian bank?", asked
Christian Bouchet,
FN's officer in Loire-Atlantique, French publisher of
Russian fascistAleksandr Dugin and former leader of the National Bolshevik
Nouvelle résistance group. "Money does not stink", he added, referring to Roman Emperor Vespasian's justification for a tax on the distribution of urine from public urinals in Rome.
Mediapart names several individuals from the French and Russian sides who might be involved in mediating between the
FN and the
FCRB.
A member of
Le Rassemblement bleu MarineJean-Luc Schaffhauser, whom I already mentionedtwice in this blog, might have introduced Marine Le Pen, during her confidential trip to Moscow in February 2014, to Alexander Babakov, former leader of the far right Rodina party and Vladimir Putin's envoy for engaging with Russian organisations abroad. Following this meeting, according to Mediapart, the NF's leader might have met with Putin himself.While I admit the possibility of Schaffhauser's and Babakov's mediation between Le Pen and Putin, I doubt that Le Pen really needed assistance from either Schaffhauser or Babakov: already in June 2013, she met with the Russian parliament chairman Sergey Naryshkin and deputy prime minister (and former leader of Rodina) Dmitry Rogozin who were in position to introduce her to Putin.![]() |
| Marine Le Pen in Moscow, June 2013 |
It is true, of course, that the cooperation between representatives of the Russian regime and the French far right has expanded in the recent months. In particular,
Aymeric Chauprade, adviser to
Le Pen on geopolitical issues
"observed" the illegal "referendum" in Crimea and
took part in an anti-LGBT gathering in Moscow; at the end of May this year,
Chauprade and
Marion Maréchal-Le Pen participated in
the secret meeting of European far right activists in Vienna where they met with
Dugin, Russian ultranationalist artist
Ilya Glazunov, and Russian right-wing businessman
Konstantin Malofeev; in November,
Jean-Luc Schaffhauser"observed"
the fake "elections" in East Ukrainian regions occupied and terrorised by (pro-)Russian right-wing extremists.
![]() |
| (left to right) Darya Dugina, daughter of Aleksandr Dugin, and Marion Maréchal-Le Pen, niece of Marine Le Pen and granddaughter of Jean-Marie Le Pen, in France, May or June 2014 |
Turchi's investigation is an invaluable contribution to the discussion of the cooperation between
Putin's Russia and the European far right, yet it leaves open the question as to what links the
FCRB to the Russian authorities. The
FCRB has an interesting history that may shed light on this question.
It was founded in 1996 with
the assistance of the now-defunct Czech IPB bank, that - as Jiri Kominek writing for
The Jamestown Foundationasserts - "was a legendary nexus of asset stripping and money laundering" and "often accused of illegally funding [...] the two largest and most influential parties in the country".
The original objective of the
FCRB was "
to service foreign trade turnover and investment projects in Russia and the Czech Republic". Until 2002, its charter capital belonged to Czech companies and the bank itself was marginal in Russia. However, at the end of 2002, the bank
doubled its charter capital thanks to the investments of
Stroytransgaz, a Russian engineering construction company (
Mediapart correctly links the
FCRB to this company), and, shortly afterwards,
Roman Popov (head of
Stroytransgaz's financial resources directorate in 1992-2002) was appointed chairman of the board of the
FCRB.
Stroytransgaz kept increasing the bank's charter capital and,
according to Vedomosti,
Stroytransgaz owned 94,5% of the
FCRB's charter capital already by summer 2003.
In 2003, the head office of the bank moved from the Czech Republic to Russia. However, the bank still operated in the Czech Republic and, in 2009, the Czech BIS security service and UZSI foreign intelligence service
expressed their concern that the
FCRB"could have ties to Russian intelligence, or organised crime elements, which given the current state of affairs in Russia often makes it difficult to distinguish between the two".
The majority of the shares of
Stroytransgaz is owned by companies and holdings that belong to
Gennadiy Timchenko, a major Russian businessman from
Putin's inner circle. According to
The Wall Street Journal, US prosecutors have recently "launched a money-laundering investigation" of the activities of
Timchenko and
Gunvor Group Ltd. that
Timchenko co-founded in 2000. As the same source argues, "US officials have previously said that Mr.
Putin has investments in Gunvor".
Naturally, the US have also imposed sanctions on
Timchenko and
Stroytransgaz, in response to
Russia's annexation of Crimea in March 2014 and its ongoing aggression in Eastern Ukraine.
![]() |
| Russia and US sanctions. Chart by BBC |
The bottom line here is that the
FN has received a loan from a company that is very closely linked to
Putin and is owned by an individual under the US sanctions. This seems to retrospectively "justify" the
FN's pro-
Putin stances and its blatant anti-Americanism.
Yet there are more links between
Timchenko and French representatives of political and business circles than the story about the loan to the
FN can reveal. One example is that, in 2011,
Timchenko was elected chairman of the Economic Council of the
Franco-Russian Chamber of Commerce (CCIFR), an important tool of the
Kremlin's "soft power" in France. (In 2013,
Timchenko shared chairmanship of the Economic Council with Total's CEO
Christophe de Margerie, but the latter was killed in an aircraft crash in Moscow on 20 October 2014, so now
Timchenko apparently remains the only chairman of the
CCIFR's Economic Council.)
![]() |
| Gennadiy Timchenko |
The same day that
Timchenko was elected chairman of the
CCIFR's Economic Council, the Franco-Russian
Observo analytical centre was established to provide analysis of Russian and French realities" for political and business elites of the two countries. The
Observo analytical centre is headed by
Arnaud Dubien, a research associate of the Institute for International and Strategic Relations (IRIS).
Dubiendefendsthe (currently suspended) sale of two French Mistral helicopter carriers to Russia - the sale that violates the
European Union Code of Conduct on Arms Exports. By undermining the international law, illegally occupying regions of Georgia (Abkhazia and South Ossetia), annexing Ukrainian territories (Crimea), waging the war against Ukraine in the Eastern regions of this country and supporting pro-Russian right-wing terrorists there, Russia clearly violates at least two criteria determined by the EU Council with regard to the arms sale by the EU member states:
Criterion Four
Preservation of regional peace, security and stability
Member States will not issue an export licence if there is a clear risk that the intended recipient would use the proposed export aggressively against another country or to assert by force a territorial claim
Criterion Six
The behaviour of the buyer country with regard to the international community, as regards in particular its attitude to terrorism, the nature of its alliances and respect for international law
The most vocal supporters of the delivery of the Mistrals to Russia are, quite expectedly, members of the
FN. Local
FN members in Saint-Nazaire, where the Mistrals are based, including
Gauthier Bouchet (son of
Christian Bouchet),
Jean-Claude Blanchard and
Stéphanie Sutter, have even set up a tiny group of supporters called "
Mistral, gagnons!" that is vigorously lobbying for the Mistral deal with Russia and, therefore, its aggressive agenda in Europe.
![]() |
| (left to right) Stéphanie Sutter, Gauthier Bouchet and Jean-Claude Blanchard in Saint-Nazaire, November 2014 |
Marine Turchi's important piece for
Mediapart concludes with a note that French investigators have already launched an inquiry into the funding sources of the
FN. We can only hope that similar initiatives are undertaken in other European countries too, especially in Austria, Hungary and Bulgaria.
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