According to Philippe Migault, France has destroyed its chance to build a strategic and trade partnership with Russia.
France terminated the Mistral deal worth $1.3 billion. It seems that 1.1 billion euros worth of compensation has been transferred to a Russian bank.
France was supposed to deliver two Mistral-class helicopter carriers, but decided to terminate the deal.
Philippe Migault also added that this contract was terminated in order to satisfy the US and European allies.
Cancelation of this contract had a negative impact on other companies, which were looking forward to lucrative contracts with the Russian defense industry in the future. Now, the door to Russian market is closed for French companies.
By doing this, France lost all future opportunities to become Russia’s main strategic and trade partner. In addition to this, France also lost its pride and independence because it conformed to the wishes of others.