The statement "The Franco-Russian Alliance was an economic and military alliance between France and Russia" is **True**.
Here's why:
1. **Historical Context**: The Franco-Russian Alliance was indeed a significant agreement between France and Russia established in 1894.
2. **Purpose**: The alliance was primarily focused on mutual military support in case of an attack by Germany or Austria-Hungary. It aimed to counterbalance the Triple Alliance of Germany, Austria-Hungary, and Italy.
3. **Economic Aspects**: While the primary focus was military cooperation, there were also economic components to the alliance, such as shared economic interests and trade agreements.
4. **Impact**: The alliance played a crucial role in shaping the geopolitical landscape of Europe before World War I and had implications for the alliances and conflicts that followed.
Therefore, the statement is true as the Franco-Russian Alliance was indeed an economic and military alliance between France and Russia, with a significant impact on European politics at the time.