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.
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
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
France has denied Chinese media reports of possible sale of Mistral destroyers (meant for Russia) to China, Local media reported. “The French Navy is on a visit to Shanghai between May 9-15 and it may try to sell its Mistral-class assault ships to China,” WantChinaTimes website quoted Duowei News as reporting
France is unlikely to commission the two Mistral-class amphibious assault ships (Vladivostok and Sevastopol) to Russia but will instead look for international buyers after refunding Moscow for the cost of the ships. India, China and Brazil have been cited as possible buyers for the two ships
Moscow has welcomed French President François Hollandes statement that his government will reimburse Russia if negotiations fail between the two nations over delivery of two Mistral Warships; Ria Novosti reported today quoting a diplomatic source as saying. "If the boats are not delivered, then I don't see how they could be paid for," Hollande told journalists after meeting with Ukrainian President Petro Poroshenko on Wednesday
Grenades, detonators and plastic explosives have been reportedly stolen from a major military base in France. According to a report by the Telegraph quoting judicial sources, the "Very well informed" thieves broke into the Miramas arms depot northwest of Marseille, southern France, in the early hours of Monday cut open two wire fences
Renault Trucks Defense has won a design contract from the French defense procurement agency (Direction Générale de lArmement - DGA) to extend the service life of its light armored vehicle (VBL) for next 15 years. In focusing on mobility aspects, DGA has awarded Renault Trucks Defense an initial feasibility design contract to provide a solution to upgrade the VBL, including its engine, gearbox, suspension and braking, the company announced today
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
Russia and India are in discussion on modernization of Su-30MKI fighter jet, deputy head of the Federal Service for Military-Technical Cooperation Konstantin Biryulin told Russia's TASS news agency on Monday. The modernisation package includes onboard communication and data transfer systems, as well as radar equipment of Su-30MKI fighter jets
Russia has developed super-high-frequency gun for BUK missile systems that is capable of deactivating unmanned aerial vehicles (UAV) and the warheads of precision weapons, Sputnik News reported Monday. United Instrument Manufacturing Corporation (UIMC), part of Rostec Corporation, announced that the equipment has an impact range of ten kilometers
Elbit Systems Pitches For Lockheed Martin F-21 Jet Project in India
Rheinmetall Wins €470M To Equip NATO Taskforce with 41 Puma IFVs, Related...
Bulgaria To Axe Defense Procurement Projects, Increase Budget Deficit to Finance $1.25B...
Germany’s Puma IFV Exceeds Initial Manufacturing Costs by Euro 2.9 Billion
Design of Russian-made 'World's Fastest Helicopter' Ready
India To Give The Final Go-ahead To $1.7 Billion C-295 Transport Aircraft
China offers Two-seat Fighter Trainer FC-1B for International Sales
Two New Russian Ivan Gren-class Warships Likely To Be Helicopter Carriers
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...