{"id":29253,"date":"2015-08-23T04:43:24","date_gmt":"2015-08-23T02:43:24","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=29253"},"modified":"2015-08-23T04:44:13","modified_gmt":"2015-08-23T02:44:13","slug":"29253","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/29253\/","title":{"rendered":"Sanctions Toughened: France Cancels Sale of Warship to Russia"},"content":{"rendered":"

As France faces a financial hit for suspending its much-maligned\u00a0sale of a Mistral warship to Russia, some observers have a suggestion to mitigate the pain: Let the European Union buy it.<\/p>\n

\u201cI would have liked to see the EU buy that warship instead of it going in some freezer compartment,\u201d says Amanda Paul,\u00a0an analyst at the European Policy Center in Brussels, even as she acknowledged it would be an unlikely move.\u00a0\u201cIt would have been nicer to see the EU take that step, when they are supposed to be strengthening their foreign and defense policy.\u201d<\/p>\n

Such a move, she says, would have ensured the deal remains a done one. Otherwise, she says, \u201cI\u2019m sure at some point the Russians will get their hands on it.\u201d\u00a0!<\/span><\/a><\/p>\n

The transaction, she notes, could have accomplished two goals with one move \u2013 at least for those who want to see the EU bolster its defense capabilities. That issue is front and center at the NATO summit in Wales, where both the amount and nature of NATO member spending are under intense debate.<\/p>\n

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French officials announced\u00a0Wednesday\u00a0that France would not deliver the Mistral-class ship, part of a $1.7 billion weapons deal, saying that the conditions “aren’t right,” despite a possible cease-fire in Ukraine. The statement left ambiguous whether the deal could move forward in the future and under what circumstances.<\/p>\n

France was under intense pressure to scrap the deal, even though at home, many decried the loss of jobs and the hit the economy would take.<\/p>\n

\u201cIt was simply extremely difficult to defend morally the contract,\u201d says Paul Ivan,\u00a0an expert on European sanctions also at the European Policy Center.\u00a0And France had been facing the glare of other countries who have taken a bigger hit from EU sanctions imposed on Russia, and Russia’s subsequent retaliation.<\/p>\n

In other words, this evens the score, as much as one can when it comes to comparing bilateral trade relationships.<\/p>\n

France’s decision also sends an important message before the EU is expected to make a new announcement about toughening sanctions on Russia\u00a0tomorrow.<\/p>\n

There are still deep divides across Europe about how to punish Russia, and who stands to lose what. But with the Mistral deal out of the way \u2013 for now \u2013 it takes one more blemish off the record.<\/p>\n

\u201cNo other country had such a big defense contract,\u201d says Vivien Pertusot, head of the Brussels office of the French Institute of International Relations.\u00a0 \u201dIt was not small stuff. It was very, very visible, and very big.\u201d<\/span><\/p>\n

\"Mistral<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As France faces a financial hit for suspending its much-maligned\u00a0sale of a Mistral warship to Russia, some observers have a suggestion to mitigate the pain: Let the European Union buy it. \u201cI would have liked to see the EU buy … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-29253","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t