Saturday, October 10, 2015

A Look At The France - Russia - Egypt Mistral Deal


Wall Street Pit: How Egypt Got Russia’s Warships

Nobody cooks quite like the French, so it is no surprise that President Francois Hollande has come up with his own recipe to promote democracy in Egypt.

Step one: Sell advanced warships to the country’s military strongman, Abdel-Fattah el-Sissi. Regardless of how the recipe comes out, the deal is likely to leave a bad taste in the mouth of France’s NATO allies. But you can’t please everyone.

In late September, Hollande announced that Egypt plans to buy the two Mistral warships France had originally built for Russia. Egypt will pay 950 million euros (about $1 billion) for the pair of warships, with a “significant” amount of the financing coming from its ally Saudi Arabia. This is a slight discount from the 1.2 billion euros Russia had planned to pay.

WNU Editor: As I always enjoy commenting on these type of stories .... "its always about the money".

1 comment:

Daniel said...

So instead of selling them to us they're selling them to one of our new and natural allies.