Thursday, August 6, 2015

Russia Gets No Deal

Word is that Russia spent 1.2 billion for a couple warships and was turned down by France. French President Francois Hollande said on Monday that he would decide "in the coming weeks" whether or not to scrap a contentious contract.

France's defense minister announced Thursday that his government reached an agreement with Russia to cancel the contract for the sale of two Mistral-class warships. The Kremlin says France has paid compensation for a canceled contract.