Le Pen Facing Funding Issues

National Front leader Marine Le Pen is struggling to raise the 20 million euros ($21 million) she needs to fund French presidential and legislative campaigns in 2017 after the party’s Russian lender failed, the party treasurer said.

The Central Bank of Russia revoked the license of the National Front’s Moscow-based lender First Czech Russian Bank OOO in July and the party has still to find another backer, according to treasurer Wallerand de Saint Just. Saint Just said he’s seeking international financiers in countries including Russia because French banks have refused to fund his party.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.