France has offered to refund about 785 million euros ($865 million) besides re-export rights for cancelling the Mistral amphibious assault ship deal with Russia but the latter has demanded 1.163 billion euros ($1.32 billion).
Various Russian media reported this morning that that Paris had handed its proposals to Russia on ‘ways’ to terminate the contract for two Mistral-class helicopter carriers to the Russian Navy.
Moscow does not intend to issue a re-export permit before its full money is returned, the reports said. France and Russia had signed a $1.5 billion deal for the two ships and Russia has paid up $1.1 billion so far.
On April 22, French president Hollande said Paris would return Moscow's payment for the warships if the contract is terminated. There were subsequent reports that Paris want to sell the disputed ships to China or India.
Subsequently Paris denied the reports to resell the ships to third countries.
France has denied rumors of a possible sale of two Mistral-class amphibious assault ships to China. French Minister of Defense Jean-Yves Le Drian denied the wide spread speculation of possible arms sales to China after a joint news conference with US secretary of Defense Ash Carter at the Pentagon on Monday
Russia has started working on a helicopter carrier similar to the stalled French Mistral and is expected to join the forces in 2018, Tass reported last week. Russia recently displayed the layout of the ship similar to the French Mistral amphibious assault ship at the Army 2015 forum
The Ministry of Defense of France announced on Friday the successful testing of a new nuclear, air-launched cruise missile. The nuclear cruise missile weapon system, Air-Sol Moyenne Portée Amélioré (ASMPA; medium-range air to surface missile), by MBDA, is an enhanced variant of ASMP
DCNS on Friday delivered the FREMM multi-mission frigate Provence to the French Navy, as stipulated in the contract. The frigate is the second of the series ordered by OCCAR, Organization of Joint Armament that performs the project management for the multi-mission frigates intended for France and Italy
French-Russian talks on the amount of money that France has to return to Moscow for reneging on the Mistral helicopter carrier deal failed in May but are likely to resume later this month. A French delegation had arrived on May 28 and held talks with a Russian team
Russia is no longer interested in procuring of the two French made Mistral-class helicopter carrier warships and its only concern is in getting a compensation of 1.2 billion euro ($1
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