Skip to comments.Mistral manufacturers in France hint that anti-Russian sanctions undesirable (Could Bankrupt NCNS)
Posted on 03/20/2014 9:39:27 AM PDT by tcrlaf
The western countries' sanctions against Russia that the EU and US officials are currently discussing as part of retaliation for Crimea' accession to Russia may threaten the interests of European business companies. Officials of the French companies DCNS and STX have already voiced concern about the likely collapse of the deal to deliver Mistral-class helicopter-carriers to the Russian Federation.
Paris may give up the contract for building Mistral-class amphibious assault ships for Russia as part of the western countries' economic sanctions against the Russian Federation, a move that may lay off 600 workers, engaged in the project. Le Figaro also reports that the collapse of the deal will also negatively affect the financial soundness of DCNS.
According to Le Figaro, Moscow has already paid 1.2 billion euros to Paris, or more than a half of the contract sum. If breach of contract is also included in the economic sanctions package against Russia, France will have to pay the break fee.
Sources close to ARMS-TASS claim that the penalty charge payments will make up the very same 1.2 billion euros. According to the Russian news agency, the sum comprises the cost of the contract for two ships and the punitive sanctions for the contractor's failure to perform their obligations.
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For the record, France has a larger economy than Russia.
It was mentioned on the television today that 45% of automobiles manufactured in Europe are sold to Russia.
Regardless, Russia is still the 8th largest economy on the planet, and a GROWING one, while we ourselves are in decline.
If that is a fact—why would France want to give more armaments to a country that invaded THEM in the past???
“If” that is a fact?
Russia has recently lost 30% of its GDP and the ruble is going down. Russia’s economy is on the verge of recession. Putin has just pushed it further down.
No problem. France’s economy couldn’t get any worse at this point.
Wait. I thought the Russian market was now rallying after Obama’s pathetic prankster sanctions?
How is MomJeans supposed to concentrate on his tournament picks?!!?!!
Barry, STFU unless the subject is something you know about, like dope, other guys' peepees, or basketball...
They will continue to grow. They have spat out western secular poisons.
For a while. Russian economy will crumble under the burdain imposed on it by Putin. It is not a “cannons AND butter” economy. It’s either or.
They should take the carriers for themselves instead. This Crimea episode is a wake-up call to the west to boost defence spending to at least 4.5% of gdp.
Sanctions are not really the point.
The point is talking about sanctions and appearing to be doing something.
Putin is free to do what ever he wants. He has Crimea.
He won’t go further if the talk of sanctions ceases.......
Except Obama. Putin saw his sanctions and raised by forbidding Boehner from traveling to Russia. The Putin joke kicked Obama’s ass. Boehner laughed like Brer Rabbit in the Briar patch.