France on Tuesday has transferred more than 1 billion euros to Russia in compensation for non-delivery of Mistral-class amphibious assault ships.
“All financial issues concerning the Mistral helicopter-carriers, which France refused to deliver to Russia, have now been settled in full,” Interfax quoted a military-diplomatic source as saying on Tuesday.
"The money has been transferred to the Russian side in full. It is more than one billion euro. The compensation includes advance payments made for the construction of the carriers and cost of training the crews and installation of Russian Equipment on the ships,” he said.
Russian President Vladimir Putin and French President Francois Hollande signed an agreement on August 6 to terminate the 1.12 billion Euro contract signed in June 2011. France was expected to deliver the first warship Vladivostok in 2014 and the second ship Sevastopol in the latter half of 2015. Paris refused to deliver them to Russia citing Ukraine crisis.
Russia has reached a compensation deal with France for the non-delivery of two Mistral warships after eight months of negotiation. "The negotiations are completely finished, everything has already been decided, both the time-frame and the amount," President Vladimir Putin's adviser for military and technical cooperation, Vladimir Kozhin was quoted as saying by various media today
French naval shipbuilder DCNS is spending a minimum of $1.1 million a month to maintain two Mistral helicopter carriers as the deal to deliver them to Russia was cancelled
Russia has opened discussions with France this week on returning its communication systems installed on the Mistral-class helicopter carriers. Moscow and Paris discussed the unavoidable situations related to the return of Russian equipment which was already installed on the ships at the round of consultations held this week in Moscow
The French Armed Forces have expanded their use of MASA's constructive simulation software with the acquisition of a global license for the company's SWORD automated war-game. SWORD provides an immediate solution to SOULT (the simulation program for Combined Forces and Ground Logistics Units' Operations), for the operational preparation of Combined Forces at division, brigade, and battle group command posts
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