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    The Sevastopol mistral warship is on its way for its first sea trials, on March 16, 2015 off Saint-Nazaire.

    France to Refund Less Than €1.2 Billion Over Mistral Deal - Minister

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    Deal Cancelled: What Will Paris Do With Russia's Mistrals? (57)
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    The settlement terms of the contract for the delivery of two Mistral-class helicopter carriers to Russia stipulate that France will pay a refund of less than 1.2 billion euro ($1.32 billion at current exchange rates), French Defense Minister Jean-Yves Le Drian said Thursday.

    MOSCOW (Sputnik) — On Wednesday, the Kremlin press service announced that Russian President Vladimir Putin and his French counterpart Francois Hollande had decided to terminate the contract for the construction and delivery of two Mistral-class helicopter carriers to Moscow.

    "The initial price of the two ships was approximately 1.2 billion euro, the sum of money to be returned… will be lower since the financial commitments Russia had mobilized will be refunded in euro," Jean-Yves Le Drian told the local RTL radio station.

    He added that the details of the refund would be discussed in the country’s parliament, since the agreement with Russia on the termination of the Mistral contract has yet to be ratified.

    Paris suspended the contract in 2014, citing Moscow's alleged participation in the Ukrainian conflict as the reason behind the move. The Kremlin has repeatedly refuted the allegations.

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    Deal Cancelled: What Will Paris Do With Russia's Mistrals? (57)

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    France, contract, Mistral, Russia
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