France and Russia have settled compensation issues over helicopter carrier warships that Paris has decided not to deliver to Moscow, President Francois Hollande’s office said on Wednesday.
Under the deal, France will repay all advance payments made by Russia and in return will have full freedom to do whatever it wants with the vessels, which contain some Russian technology.
Hollande went back on the order after coming under pressure from his Western allies not to deliver the Mistrals because of Russia’s role in the Ukraine crisis.
The Kremlin also said that France has repaid Russia for a canceled contract to deliver two Mistral helicopter carriers, adding that the dispute is now fully resolved.
The Kremlin said Paris has agreed to pay back money Russia had already transferred under the contract.
“France has already transferred these funds and, after the return of equipment, will acquire ownership and be able to take charge of both ships,” the Kremlin said in a statement.
“Moscow considers the Mistral issue completely resolved.”
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