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Saturday, July 11, 2015

France and Russia Mistral Deal: $1.3 Billion Settlement Reached Over Aircraft Carriers

Vladivostok LHDRussia and France have reached a tentative agreement on compensation payable to Moscow as a result of Paris' decision to cancel the delivery of two Mistral helicopter carriers.

The cancellation of the Mistral deal reportedly will cost France about $1.3 billion.

The agreement still must be signed by both Russian President Vladimir Putin and French President Francois Hollande, according to media reports.

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