France and Russia agree to Mistral export termination
Russia and France have formally announced the cancellation of the troubled Mistral-class amphibious assault ships export contract that had been suspended since 2014 as a result of events in Ukraine.
The Kremlin and the Elysee issued joint statements on 5 August confirming the termination of the agreement, with both governments stating that the matter had been "fully resolved".
Under the terms of the agreement, France will return both funds (already paid by Russia) and Russian equipment that had been supplied for installation on the 21,000 tonne full load displacement landing helicopter dock vessels.
The value of the sum to be reimbursed was not disclosed, although Russia noted in a statement released by the Kremlin that the funds have already been received from France.