France's Compensation for Mistral Deal Fail Worth $1.1Bln Already in Moscow

© Sputnik / Grigoriy Sisoev / Go to the mediabankSecond Mistral helicopter carrier floated out in France
Second Mistral helicopter carrier floated out in France - Sputnik International
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Paris has already transferred more than 1 billion euro ($1.12 billion) to Moscow, in compensation for the termination of the contract on the delivery of two Mistral-class helicopter carriers, a governmental source told journalists Monday.

MOSCOW (Sputnik) — According to the source, all expenses were covered in France’s compensation, including travel and personnel training.

"The money is already in Russia. In the end the sum is more than a billion euro. Overall during this time we have spent 893 million euro, for the first ship and a part of the second ship. We stopped paying after this sum," the source told the press.

Vladivostok amphibious assault ship of the French Mistral class in the docks of SNX France - Sputnik International
Mistral Deal Fiasco Will Have Hundreds of Millions of Euros in Hidden Costs
Last week, French government spokesman Stephan Le Foll said the amount of compensation paid to Russia by France for terminating the contract on the delivery of two Mistral-class helicopter carriers would not exceed 1 billion euro.

Moscow and Paris signed a 1.2-billion-euro agreement for the purchase of two French Mistral-class helicopter carriers in 2011.

Paris suspended the delivery of the first ship last November, citing Moscow's alleged participation in the Ukrainian conflict. Russia has repeatedly denied the allegations.

The sides officially terminated the contract earlier this month. France promised to reimburse Russia the entire sum it had paid for the ships.

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