North Korea test fires another missileWorld May 29, 1:29
Russia’s Zvyagintsev wins Jury Prize at 70th Cannes Film Festival with his LovelessSociety & Culture May 28, 21:32
Three Russian tourists hurt is road accident with tourist minibus in TurkeySociety & Culture May 28, 18:58
Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
PARIS, May 14. /TASS/. The cancellation of a deal on delivering Mistral-class helicopter carriers to Russia may cost France some €2 or €5 billion, the French weekly Le Point reported on Thursday.
"Instead of bringing the French shipyards corporation DCNS the profit of €1.2 billion and its contractors some €890 million, the cancellation of the deal may cost France approximately €2-5 billion due to non-performance of the contract," the report says.
According to the report, now the French and Russian sides "have significant differences in regard to compensational payments" in case of the non-performance of the contract. "France is trying to return Russia the sum less than €890 million that has already been paid earlier," it says.
On May 16, the period of force majeure circumstances that allowed a temporary delay in the handover ends and Russia will get the full right to demand compensations for the non-performance of the contract, the report says.
Under the contract, Russia was expected to receive the first of the two warships, the Vladivostok, in the autumn of 2014. However, Paris suspended the ship’s handover to Russia at the very last moment over Moscow’s stance on developments in neighboring Ukraine.
It was planned that the second ship dubbed the Sevastopol would be handed over to Russia in the second half of 2015. But the deal was suspended like in the case with the first Mistral ship.