` Russian Defence Official has said that `Moscow’ will not accept `France’s ‘ threat to Mothball its Order of Two Mistral Warship’s’

#AceFinanceNews – A senior Russian defence official has said that Moscow won’t simply accept France’s threat to mothball its order of two Mistral warships following events in Crimea.

“There is no doubt the Russian side will defend its rights … and will demand compensation for all losses we might sustain if the Mistral contract is breached,”

Deputy Defence Minister Yuri Borisov told RIA news agency.

Russia says it has already paid more than 700 million euros for the order, and as well as returning the money, France would be obliged to pay additional penalties according to the terms of the contract.

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