11/26/14

Permalink In case France refuses to deliver Mistral ships, the penalty may ammount to €3 bln — media

The sum is comprised of the €1.2 billion the contract is worth and a compensation of €800 million for each of the ships. If France doesn't deliver Mistral helicopter carriers to Russia, the penalty may ammount to €3 billion, the Le Parisien newspaper reported Wednesday. The sum is comprised of the €1.2 billion the contract is worth and a compensation of €800 million for each of the ships. No official confirmation has been yet received. Earlier, French media estimated the compensation at €10 billion. On Tuesday French President Francois Hollande said the current situation in Ukraine does not allow Paris to hand over the first Mistral helicopter carrier to Russia. Russian deputy defense minister Yuri Borisov told TASS on Tuesday Russia will be acting strictly in line with the contract and file a lawsuit if the ship is not delivered.

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