France may have to pay Russia over €1.1 billion for canceling a contract for the sale of two Mistral warships, according to reports from Russian media.
France agreed to sell the warships to Russia in 2011 under then-president Nicolas Sarkozy. After strong opposition from the EU and the U.S., especially since the escalation of the conflict in Ukraine, current French President François Hollande suspended the deal last year.
Since then, the countries have been negotiating the fate of the contract and how much France owes Russia if it decides to terminate. Russia has already paid at least some of what it owes …read more
Source: European Voice
