France ‘agrees warship compensation’

Warship deal resolved.

Russia Mistral: France ‘agrees warship compensation’

France has agreed to pay compensation to Russia for cancelling the sale of two warships, a Russian official says.

France stopped the sale after the outbreak of the conflict in eastern Ukraine, where Russia is accused of backing separatist rebels.

The Mistral contract was worth €1.2bn (£843m; $1.3bn). Russia made an advance payment of about €840m.

The first of two helicopter carriers – the Vladivostok – was supposed to be delivered to Russia in November 2014.

“The negotiations are completely finished, everything has already been decided, both the time-frame and the amount,” said Vladimir Kozhin, an aide to Russian President Vladimir Putin.

Western sanctions have been ratcheted up against Russia since March 2014, when the Ukrainian crisis began.


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