France Folds (Again): Reconsiders Mistral Warship Sale To Russia

09-05-2014 • zerohedge.com

However, they may be disappointed today as, having clearly been reminded of the huge potential penalties that his nation would face (let alone lost revenue/rebates) if it were to cancel the delivery of 2 Mistral warships to Russia, Hollande "explained" today that the contract for the Mistral sale to Russia "is not broken or suspended" but will instead depend on events in the coming weeks. Ironically, the Russians may actually be pleased if the deal is canceled as they avoid overpaying for the ships and benefit from France's weakening.

The US was very excited... U.S. Senators Chris Murphy (D-Conn.), Ron Johnson (R-Wisc.), Dick Durbin (D-Ill.), Jeanne Shaheen (D-N.H.), Amy Klobuchar (D-Minn.), and Edward Markey (D-Mass.) released the following statement regarding French President Francois Hollande's decision to suspend warship delivery to Russia: