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Even with the impending sale to Egypt, France may have to swallow hard on this deal:
Janes
Janes
Cost of Mistral re-sale to French taxpayer revealed
France's Senate released a report on 29 September outlining the cost to the French government and industry of the failed sale of the Mistral-class amphibious assault vessels to Russia.
Should the sale of the vessels to Egypt proceed, the French government is expected to see a shortfall of between EUR200 million (USD200 million) and EUR250 million as a result of the refund to Russia over the cancelled delivery.
French industry will also face some losses under the cancellation, with uninsured expenses such as berthing and maintenance fees, removal of Russian equipment, as well as lost profits, being in the region of EUR90-146 million.
It is expected that the sale of the vessels will go ahead, with delivery of the former vessels Vladivostok and Sevastopol taking place in 2016.
The sale of the vessels to Egypt was announced on 23 September, following the cancellation of the contract between Russia and France for the vessels in August. France agreed to return EUR950 million to Russia on 3 September and took ownership of the vessels as a result of the contract termination.