France fully reimburses Russia for terminated Mistral deal

France and Russia said they agreed to terminate a contract to supply the Russian navy with two warships, the delivery of which had been put on hold amid the conflict in Ukraine.

France fully reimburses Russia for terminated Mistral deal

World Bulletin / News Desk

The total cost to France of reimbursing Russia for cancelling two warship contracts will be less than 1.2 billion euros, French Defence Minister Jean-Yves Le Drian said on Thursday.

Le Drian said on radio RTL the initial price for the two Mistral helicopter carrier warships had been 1.2 billion euros, but France will have to pay less than that because the ships were not been finished and the contract was suspended.

"Talks between President Putin and President Francois Hollande have concluded yesterday. There is no further dispute on the matter," he said.

He added there were no further penalties to pay over the contract, which was cancelled because of Russia's role in the Ukraine conflict.

Güncelleme Tarihi: 06 Ağustos 2015, 09:21