French and Egyptian officials have negotiated a $1.06 billion price tag for the two Mistral Warships, which are expected to be delivered to Egypt in March 2016.
The failed French warship deal with Russia takes a new, strange turn as France tries to sell them to Egypt, becoming a Russian arms broker in the process.
More than simply an economic boon, major French arms deals with Middle Eastern countries make for complex international politics — full of nationalism, opportunism, and moral compromise.
France will “fully reimburse” Russia for the aborted sale of two massive Mistral helicopter-carrying amphibious assault ships, the sale of which was suspended over the Ukraine crisis.
President Hollande has said he would refund $1.3 billion to Russia if it fails to meet France’s conditions for the delivery of two helicopter carriers.
France has some difficult decisions to make over the sale of two Mistral-class amphibious assault ships to Russia.
The contract to sell the ships has been marred by controversy since July, when the European Union strengthened sanctions against Russia over the escalating crisis in Ukraine.
Russia faces a bump in its rearmament program as Europe cancels defense contracts to Moscow — but France is still figuring it out.