France, Russia Mistral Talks Fail, Negotiations to Resume

  • Our Bureau
  • 02:36 PM, June 4, 2015
  • 3296
France, Russia Mistral Talks Fail, Negotiations to Resume
Mistral Class Amphibious Helicopter Carrier

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. The sticking point seems to be the amount of money to be refunded for non-delivery.

France earlier in May had 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).

"Talks on Mistral ships will surely continue. The exact date for the next meeting of the delegations is not yet set, given the fruitlessness of previous talks. The parties need to prepare," RIA Novosti quoted an unnamed source familiar with the situation as saying, adding that consultations are expected in June.

Various Russian media reported 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 $1.3 billion deal for the two ships and Russia has paid up $1.1 billion so far.

"It's now a matter of fact that Russia is not taking them (the Mistral ships), and now there is only one discussion; the amount of money which should be returned to Russia," the deputy chairman of Russia's Military-Industrial Commission, Oleg Bochkarev said May 26 in a Ria Novosti report said.

Also Read

Russia Does Not Want Mistral Warships, Only Refund

May 27, 2015 @ 09:09 AM

France Offers $865M to Terminate Mistral Deal, Russia Demands $1.1B

May 15, 2015 @ 09:04 AM

France Denies Sale Of Russian Mistrals Destroyer To China

May 12, 2015 @ 03:46 PM

France May Seek Foreign Buyers For Mistral After Refunding Russia

May 11, 2015 @ 10:47 AM

Russia Welcomes Hollande’s Statement To Return Money If Mistral Deal Fails

April 24, 2015 @ 04:19 PM

Thieves Steal Munitions From French Military Base

July 9, 2015 @ 01:20 PM

French Army Selects Renault Trucks To Extend Light Armored Vehicle’s Service Life...

July 8, 2015 @ 03:25 PM

France Denies Mistral Ships Sale To China

July 7, 2015 @ 04:01 PM

Russia Displays Helicopter Carrier Model Similar To Mistral

June 19, 2015 @ 11:22 AM

Russia, India In Dicussion For Modernizing Su-30MKI Fighter Jets

June 15, 2015 @ 02:06 PM

Russia Develops Super-High-Frequency Gun That Deactivates Drones, Warheads

June 15, 2015 @ 02:03 PM