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It is to be expected that Russia will retaliate in the face of Western sanctions. Many French companies are established in Russia, such as Société Générale, Lactalis or Auchan, which are already having difficulties. Can they continue to work with the Russians?
Renault, Societe Generale, Auchan: businesses French will bethe big losers in the economic standoff against Russia? 500 French companies operate in Russia. Two of them, Total Energies and Engie, are even summoned by the Ministry of Economy to review their ambitions in the country of Vladimir Putin.
For the two giants French energy, there is currently no question of withdrawing from Russia. But Total Energies agrees to no longer provide capital for new projects in Russia. Other French companies are already heavily penalized. Renault, which has three factories in Russia, is experiencing supply problems. The dairy company Lactalis also has logistics problems. Many fear the counter-sanctions that Vladimir Putin could take against European companies.