Paris: Editorial by Prime Minister Jean Castex

Russia’s war of aggression in Ukraine, and unprecedented sanctions on Russia by France and its partners, will bring economic impact, the price of upholding the basic principles of border inviolability, and ethnic self-determination. .. -Decision.

For French companies and employees operating in Russia and Ukraine, the first concern is personnel safety. Companies are required to follow French diplomatic recommendations in terms of their presence in the territory and their repatriation. Energy prices (gas, oil, electricity), which had already risen sharply in 2021, should continue to rise in 2022. After a sharp rise in energy prices from the end of 2021 to the beginning of 2022, war and sanctions in Ukraine What was taken to counter the hydrocarbon exporter Russia is new tensions in the gas and oil markets. And brought about a new rise in energy prices.

The supply of agricultural raw materials, metals and chemicals to our economy is also disrupted. Both purchase price and supply capacity are affected. Conversely, shrinking trade relations with Russia will also affect certain French exporters, especially in sanctioned sectors, where exports to Russia, Belarus and Ukraine are declining. The degree of uncertainty about the business environment caused by the disruption of certain logistics routes, increased geopolitical risk, and the crisis can, more generally, discourage companies from doing projects internationally. I have.

The impact of the shock on the French economy is unevenly dispersed. Rising energy prices have a direct and global impact on all homes and businesses, but certain players are particularly exposed – heavy-duty professionals, energy industry-intensive, farmers and fishermen.

Some sectors rely heavily on Russia for some of their supply. Since the start of Russia’s military intervention, the government has been affected by conflicts and sanctions (exports, significant inputs, the activities of companies in Russia and Ukraine, or on a large scale in these two countries or in these two countries. Project), quantify the impact and identify possible alternatives to supply shortages.

Certain issues have already been identified, leading to the dedication of resources within the framework of France Relance and then France 2030, and the first project was underway.

At the request of the President of the Republic, the Government has developed an economic and social resilience plan to implement immediate, targeted support and solutions that will have the greatest impact possible in the medium to long term by the end of the year. Did. The purpose of resilience planning is in several orders.

Protecting homes and businesses from the direct consequences of the shock, on the one hand strengthening the energy price shield by introducing “fuel discounts”, on the other hand deploying new cash support (long-term BPI loans), especially in stores in Russia, Belarus and Ukraine For the most directly dependent companies, a new state-guaranteed loan “Ukraine” to avoid bankruptcy and job destruction). Specific sectoral support is planned for sectors most exposed to significant fluctuations in raw material prices, such as energy-intensive industries, agriculture, fishing, transportation and public works.

The impact of the crisis on exporters, especially those exposed to Russia, Belarus and Ukraine, will be mitigated by dedicated support and increased support for finding new retailers. Encourage sector solidarity with the support of corporate mediation and commerce mediation, while ensuring the proper application of the rules governing commerce. It is also important to promote diversification of sources through the mobilization of public support. Regular assessment of the impact of the crisis across the value chain can identify additional support needs. Speeding up actions to reduce our dependence in the very short term: First, proposed by the Commission before 2027 with the aim of completely withdrawing from Russian gas and oil as soon as possible. European Union as a whole; Second, from the perspective of drinking to reduce gas and energy consumption from next winter, energy refurbishment of vehicle fleets and continuation of the electrification agenda, decarbonization for the French Relance industry Acceleration of the project and ambitious implementation of France 2030. Accelerating the section of France 2030 dedicated to ensuring the supply of important metals in terms of technical and industrial sovereignty. From the perspective of food sovereignty, strengthening resources for the production of animal feed demand in France.

All of these actions are supported by an ambitious process of administrative simplification to facilitate the establishment of activities in France that help reduce dependencies in the extension of efforts already underway since 2017. Will be done. For the most affected economic players to protect business activities and household purchasing power in the short term.It also speeds up the settings

Implementation of our strategy to reduce our dependence, especially with respect to fossil fuels. This plan, which is part of the coordinated European response, will evolve. It will adapt to the development and consequences of the crisis, including in the case of new sanctions and Russia’s counter-sanctions. Fostered by consultation and feedback from representatives and social partners from various disciplines, it should continue to involve all stakeholders in its implementation.

Prime Minister Jean Castex