Two Mistral assault ships are to be sold to Russia, France's Foreign Minister Laurent Fabius announced.
The decision comes amid tensions between Moscow and the West over the Ukraine crisis.
Fabius wrote on Twitter that the contracts were agreed in 2011 and were to be executed as they would create many jobs in his country, as the BBC reported.
On his visit to France where he is attending D-Day commemorations, US President Barack Obama voiced his concerns over the sale and, though recognizing the deal was important for the French economy, said "it would have been preferable to press the pause button".
German Chancellor Angela Merkel has however backed plans of Paris to go ahead with the contract, stressing on Wednesday that only the adoption of "stage three" (or economic) sanctions against Russia could interrupt the delivery.
She was quoted by the EUObserver as saying the EU was not launching such measures because Russia did not stop the May 25 presidential election in Ukraine.
The deals signed between France and Russia on the two vessels are valued at EUR 1.2 B.
Under the existing agreements the Mistral-class amphibious assault ships, the Vladivostok and the Sevastopol, are to become part of the Russian Navy by end-2014 and 2015, respectively.
;-)....it's about Tensions, Profits and Idiots:
More tensions in Europe=more profits for USA. And "F*ck the EU", as well as the rest of the World, sure.
And only Idiots can attribute the main merits of the modern American leaders ("No ethics, no honour, no dignity") to those "Russkies".
This conflict in the Ukraine is a land grab by the US EU NATO but France wants its contract fulfilled, UK wants to keep Russian money in London and Germany wants Russian gas.
The US does not have economic ties with Russia so it is pushing the Ukranian land grab, getting the Ukranian people in debt to the IMF to make slaves out of them and increasing its military presence in the region.
The US through the IMF is financing the Kiev Government and is thus financing the conflict in the East Ukraine.
If Kiev forces withdrew from East and South Ukraine them there would be peace in the Ukraine.
Bravo France or in your language Vive La France.
The message is very clear you dont want real sanctions against Russia only stupid ineffectual ones, fantastic.
Looking at the flow of money, the IMF gives money to the Ukraine, The Ukraine pays their Russian gas bill and Russia pays France.
The people of the Ukraine are left with paying the debt, Russia gets 2 new combat ships and France gets jobs and money.
Yes you pro Western Ukranians you are getting fucked over - Russia will get new ships with the money it gets from you and France gets money and jobs and your grand childern will be slaves to pay off the debt, you stupid suckers!!!!
If USA reach its military objectives in Ukraine and USA (NATO) installations (radars, interceptor missiles etch. reach the outskirts of Moscow, than Russia will look and indeed will be very vulnerable.
This will temp USA to escalate its military pressure on Russia, which can leads to full-scale war. USA is so dependent on its military complex, that it cannot restrain. However, Russians will fight and Russia is so heavily saturated with missiles and nuclear warheads, that the confrontation will be very bloody and destabilizing. No matter what is the initial outcome!!!!!! This will be followed by sectarian wars, regional ethnic instability, religious divisions, border changes etch . The entire Eurasia will be sent back to the Middle ages. More importantly, the transition of Europe from Cristian to predominantly Muslim culture will not be controlled by strong centers of power. This will make this transition extremely chaotic and violent.
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