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Russia received twice more than paid for Mistrals in ruble equivalent due to devaluation

September 18, 2015, 18:23 UTC+3
The contract for two Mistral class amphibious landing ships for the Russian Navy was concluded between Russia and France in summer 2011 but was suspended and ultimately terminated early in August 2015
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© TASS/Michel Plassart

SOCHI, September 18. /TASS/. Russia has already received twice more than it paid for Mistral amphibious landing ships in ruble equivalent because of devaluation, Minister of Industry Denis Manturov said on Friday.

"As far as I know, they [France — TASS] physically returned money already long time ago. We paid on the basis of the budget formed in rubles; it [the amount of repaid funds] is twice more because of the rate, so we received exactly two times more in ruble mass," the minister said.

The contract for two Mistral class amphibious landing ships for the Russian Navy was concluded between Russia and France in summer 2011 but was suspended and ultimately terminated early in August 2015.

According to the agreement, Russia will receive compensation about €949.8 mln from France and will return all the Russian equipment mounted on board of Mistral ships. France, in its turn, will have ships in its full disposal with the right of resale.

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