French PM Valls to sign mistral deal with Egypt over weekend
Date
10/9/2015 12:20:10 PM
(MENAFN- The Journal Of Turkish Weekly)French Prime Minister Manuel Valls will sign an agreement on the sale of two French-made Mistral warships to Egypt during his visit to Cairo on October 10-11 the French government spokesman said Friday.
Egypt emerged as France’s replacement customer for Mistrals in September 2015 after Moscow and Paris had terminated the $1.3-billion contract in August as Paris accused Moscow of alleged participation in the internal conflict in Ukraine.
Russia received around $1 billion in compensation for the unfulfilled deal.
"I believe he will sign [the deal]. We concluded the agreement with Egypt three weeks ago and its has to be finalized" Stéphane Le Foll told reporters.
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