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Reuters
Reuters
Business
Richard Lough

French minister declares economic 'war' on Russia, and then beats a retreat

FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference at his ministry in Paris, France, September 22, 2021. REUTERS/Gonzalo Fuentes/File Photo

French Finance Minister Bruno Le Maire declared an "all-out economic and financial war" against Russia to bring down the its economy as punishment for invading Ukraine, before rowing back on language he later said was inappropriate.

The United States and its allies have imposed sanctions on Russia's central bank, oligarchs and officials, including President Vladimir Putin himself, and barred some Russian banks from the SWIFT international payments system.

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